Credit card fraudsters are not going to stop

03/05/2007

Equifax has claimed that credit card fraud is completed with a network of people.

Identity fraud is one major section within the credit card fraud sector, also online fraud today is high, however identity fraud can be the worst.

In September 2006, Equifax completed a survey and nearly 11 per cent of people who were victims of fraud stated clearly that they had some sort of relationship with the fraudster.

Most of the time the fraud is operated within the family, recent figures estimating 19 per cent, while 14 per cent was criminal activity taken part by the victim’s neighbours.

Equifax’s director Neil Munroe stated that leaving personal data in easy noticeable areas like a mail box or even leaving unwanted bank statements in rubbish bins, could easily allow fraudsters to get hold of your credit card information.

Neil commented, "If you live in shared accommodation keep passports, driving licences and other documents under lock and key."

Equifax has made an announcement to consumers about their personal belongings, ‘do not give them a easy ride.’ They feel credit card holders should check their balance more regularly and keep on top of all statements.

Credit card fraud is something that can never be stopped but can be reduced, Equifax feel if consumers are more careful with their personal data it could make life harder for fraudsters.