Fraudsters see credit card fraud as victimless

Posted 2008-02-14

According to research from card protection firm CPP, credit card fraud is so high because it is seen as a victimless crime. Criminals believe that the only losers in credit card fraud are the credit providers. Danny Harrison of CPP said:
“What happened in credit card fraud is moving more and more in to becoming what’s viewed as a victimless crime because the fraudster sees that it is the bank that pays and not the individual. In the majority of cases that’s true.”
Mr Harrison warns consumers to be careful with their cards and immediately report if a card goes missing.

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