London is the UK's capital for online credit card fraud, according to a
recent report which maps the UK's card fraud hotspots.
The latest figures from
Early
Warning for cardholder not present (CNP) fraud show that Greater London had
the largest number of fraudulent transactions in the past year, followed by
Manchester and Kilmarnock.
Early Warning helps retailers, the police and banks monitor and counter
online credit card fraud.
The company produces a map that identifies the postcode areas from which the
fraudsters operate by tracking the delivery addresses for fraudulently obtained
goods, typically accommodation addresses and 'dead' letter boxes.
Early Warning claims that this is the only reliable method of mapping credit
card fraud.
While Greater London as a whole beats the rest of the UK for credit card
fraud, the problem is particularly serious in certain postcode areas within
London. For example, whole streets in Thamesmead are involved in CNP fraud.
Other concentrations of CNP crime include Romford and Ilford in Essex, and
the leafy suburb of Twickenham.
Outside London, CNP fraud is on the increase in Bournemouth, Northampton,
Portsmouth and Stockport, all of which look set to make it into the top 10 by
next year.
The north of Scotland, Wales (except Cardiff) and the West Country have the
lowest incidence of CNP fraud.
Chip and Pin cards have made using stolen credit cards in shops much more
difficult, so criminals have turned to online shopping sites instead.
Figures from UK payments service
APACS
suggest that CNP fraud cost the UK £183.2m last year, up 38 per cent on 2005.
"No single area of the UK is untouched by this problem," said Andrew
Goodwill, managing director of Early Warning.
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