Menu
10/11/2004
Warning issued following huge rise in ATM fraud
Cash machine users have been warned to play safe when making cash withdrawals, after figures published today revealed that fraudulent ATM withdrawals topped £61 million last year – a rise of 85% in the UK.
Total card fraud rose by 18% to £478.8 million in the 12 months to June 2004. The £28.1 million increase in fraudulent cash machine withdrawals marked a major portion of this increase, according to Apacs, the UK Payments Association.
The association said that the big fraud rise was largely due to the use of increasingly sophisticated techniques by criminals. Organised crime gangs are now using skimming devices, which copy card details, and miniature camera devices, which record cardholders’ PINs at cash machines, which has led to cash machine scams becoming the fastest growing category of fraud during the year to June 2004.
Cash machine fraud can also involve more mundane practices like shoulder surfing – where criminals watch a PIN being entered before pick-pocketing the cardholder.
In order to minimise the risk of becoming a fraud victim, Apacs has advised card users to take on board its 'Top Ten Tips' list. The tips include: being aware of others around you; be aware of signs of machine tampering; don't accept help from ‘well-meaning’ strangers and never allow yourself to be distracted; and stand close to the cash machine and always shield the keypad to avoid anyone seeing you enter your PIN. For a complete list of advice log on to the Apacs website at www.cardwatch.org.uk
(gmcg/sp)
Total card fraud rose by 18% to £478.8 million in the 12 months to June 2004. The £28.1 million increase in fraudulent cash machine withdrawals marked a major portion of this increase, according to Apacs, the UK Payments Association.
The association said that the big fraud rise was largely due to the use of increasingly sophisticated techniques by criminals. Organised crime gangs are now using skimming devices, which copy card details, and miniature camera devices, which record cardholders’ PINs at cash machines, which has led to cash machine scams becoming the fastest growing category of fraud during the year to June 2004.
Cash machine fraud can also involve more mundane practices like shoulder surfing – where criminals watch a PIN being entered before pick-pocketing the cardholder.
In order to minimise the risk of becoming a fraud victim, Apacs has advised card users to take on board its 'Top Ten Tips' list. The tips include: being aware of others around you; be aware of signs of machine tampering; don't accept help from ‘well-meaning’ strangers and never allow yourself to be distracted; and stand close to the cash machine and always shield the keypad to avoid anyone seeing you enter your PIN. For a complete list of advice log on to the Apacs website at www.cardwatch.org.uk
(gmcg/sp)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
10 November 2004
Industry urges NI to ‘play safe’ with cash cards
Cash machine users were today advised to keep playing safe when making cash withdrawals, despite fraudulent cash withdrawals in Northern Ireland falling by 8% to £368,000 over the past year. However, despite a fall in Northern Ireland figures the rest of the UK saw an average rise of 85% in fraudulent cash withdrawals over the same period.
Industry urges NI to ‘play safe’ with cash cards
Cash machine users were today advised to keep playing safe when making cash withdrawals, despite fraudulent cash withdrawals in Northern Ireland falling by 8% to £368,000 over the past year. However, despite a fall in Northern Ireland figures the rest of the UK saw an average rise of 85% in fraudulent cash withdrawals over the same period.
27 November 2014
CM Precision Components Creates New Jobs To Support Export Growth
Downpatrick company, CM Precision Components Ltd, is creating five jobs in an investment that will support the firm's export growth. The advanced engineering company produces precision machined components for the automotive, materials handling and aerospace sectors.
CM Precision Components Creates New Jobs To Support Export Growth
Downpatrick company, CM Precision Components Ltd, is creating five jobs in an investment that will support the firm's export growth. The advanced engineering company produces precision machined components for the automotive, materials handling and aerospace sectors.
09 November 2001
Researchers expose weaknesses in financial security
Concerns have been raised over potential security flaws in the system used by banks to protect PIN numbers from attack by fraudsters. Researchers from Cambridge University have warned that the computer systems used to pass along information from cash machine to personal accounts are more easily intercepted than previously thought.
Researchers expose weaknesses in financial security
Concerns have been raised over potential security flaws in the system used by banks to protect PIN numbers from attack by fraudsters. Researchers from Cambridge University have warned that the computer systems used to pass along information from cash machine to personal accounts are more easily intercepted than previously thought.
06 August 2001
Fingerprints trialled in fight against credit card fraud
Fingerprints could soon be the latest weapon in the fight against credit card fraud if current trials in the UK show encouraging results. Credit card fraud is one of the country’s fastest-growing forms of crime, enabling thieves to gain access to up to £300m of other people’s money each year - approximately £820,000 per day.
Fingerprints trialled in fight against credit card fraud
Fingerprints could soon be the latest weapon in the fight against credit card fraud if current trials in the UK show encouraging results. Credit card fraud is one of the country’s fastest-growing forms of crime, enabling thieves to gain access to up to £300m of other people’s money each year - approximately £820,000 per day.
18 July 2001
LOCAL BUSINESSES FALL PREY TO FRAUD
BANKS are to contribute to the costs of a new task force to tackle organised credit card fraud.
LOCAL BUSINESSES FALL PREY TO FRAUD
BANKS are to contribute to the costs of a new task force to tackle organised credit card fraud.
-
Northern Ireland WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
