credit card fraud

Author
Discussion

AJI

Original Poster:

5,180 posts

225 months

Thursday 28th May 2009
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Just reading on another forum about credit card fraud..... just wondering how it is so easy for these scummers to get away with it?

Most cases it seems to be items that need to be delivered to an address....and the suspicious payment activities are usually highlighted by the bank within a few hours or a day. So the time between ordering and delivery is generally a good few number of days which gives the police (or fraud squad) plenty of time to go to the delivery address and wait to see which of the scummers goes to collect the frauded items.



But as credit card fraud is a continuous growing crime it must be fact that the above counter-measures are not happening and the scummers are getting away with it far too often.

Anybody else know more on the subject? And why there is no effective way to catch these parasitic wasters?

quotemehappy

307 posts

195 months

Thursday 28th May 2009
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wrong forum, but yes interesting topic; more and more fraud is cardholder not present fraud.

AJI

Original Poster:

5,180 posts

225 months

Thursday 28th May 2009
quotequote all
sorry, yes wrong forum....appologies

  • *mods* please move to correct place **

Snoggledog

8,265 posts

225 months

Thursday 28th May 2009
quotequote all
Yes, credit card fraud is fairly easy. No, it's not that easy to catch the criminals as they're (often) worldwide organisations who operate out of countries like China.

Until the US decides to get it's arse in gear and actually take on the security that the rest of the world has been using for a while, fraud will continue.

AJI

Original Poster:

5,180 posts

225 months

Thursday 28th May 2009
quotequote all
But what about the ones that operate by skimming your card here in the UK or by stealing your credit card or UK company workers who mis-use your details by selling the information onto uk-based criminals ?

I mean if the fraud squad made a 100% effort (i mean the government put 100% effort into making sure that the fraud squad had enough man-power etc), then it should be fairly easy to track these address orders and make it a very risky business for uk based fraudsters?



Snoggledog

8,265 posts

225 months

Thursday 28th May 2009
quotequote all
AJI said:
But what about the ones that operate by skimming your card here in the UK or by stealing your credit card or UK company workers who mis-use your details by selling the information onto uk-based criminals ?

I mean if the fraud squad made a 100% effort (i mean the government put 100% effort into making sure that the fraud squad had enough man-power etc), then it should be fairly easy to track these address orders and make it a very risky business for uk based fraudsters?
A lot of it is done online so even if HMG were to catch all the UK fraudsters, the whole thing would still exist in any case. For every 1 they catch I guarantee that there's someone waiting in the wings. If you really want to blame anyone, blame the US.