Criminals see card theft ‘as victimless crime’ - expert

Posted 2008-02-6

Credit Card fraud is increasingly viewed as a victimless crime, a security specialist claims.
Danny Harrison, an expert with protection firm CPP, says more people are seeing card fraud as a crime in which no party loses out.Levels of credit card fraud are high because conmen don’t think they are hurting anyone when doing it, he added.

He said: “Card fraud is moving more and more into becoming what’s viewed as a victimless crime because the fraudster sees it is the bank that pays, not the individual, and in the majority of cases that’s true.”

He said cardholders should take care where they keep their plastic and should contact banks immediately if they go missing.

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