Experts in the fight against credit card crime reveal the true extent and nature of the problem facing innocent consumers and retailers. New research published by The 3rd Man and 192business.com identifies where the major fraud hotspots are throughout the UK and reveals exactly how card criminals ply their trade. Figures released in April this year already show that 'card not present' crime is far higher than official figures suggest. Supporting a BBC investigation, the 3rd Man demonstrated that fraudulent credit card activity in the UK is over half a billion pounds, more than official statistics show. Furthermore, users of 192business.com's customer ID check service have revealed that for every fraud that is reported, a further 8 attempted frauds go unreported and ignored by both law enforcement and the banks. However, with...
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