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Fraud News

New Visa card to cut online fraud

15th July 2010

A new Visa card with a 12-button keypad and battery will help to prevent fraudsters from using card details to commit fraud.

Visa CodeSure still uses PIN and Verified by Visa in transactions, and the keypad will add an extra level of security. Completing a transaction will follow these steps:

Phishing warning in run-up to tax credits deadline

13th July 2010

Anyone who needs to file a tax credits renewal with HMRC or pay the second instalment of their income tax is being warned about phishing emails.

According to Trusteer, tax credit filers may be sent unsolicited emails that look like they have been sent by HMRC. Some bogus HMRC emails tell people they are owed a tax rebate, but this is also fraudsters at work. If victims click on these emails, they may infect their computers with malware and have their personal details stolen.

15,000 people fight back against fraudsters

9th July 2010

Action Fraud, the UK’s first national fraud reporting centre, has had 15,000 web reports and calls in the last six months from members of the public who have joined the fight against fraud. 

According to the National Fraud Authority, which runs Action Fraud, at least £3.5billion is lost by individuals to fraud every year.  However, the actual figure is probably much higher as many victims of fraud never report it.

Holiday scams: Online holiday bargains could be bogus

7th July 2010

Almost one in three people who book holidays online do not confirm that the travel provider is legitimate, according to Get Safe Online.


Web users who book holidays online are being warned to follow precautions when booking their getaway. Research also shows that many holiday-makers are unaware of some of the most common holiday scams. The results show that 67% of people say they’ve never heard of holiday rental scams, 68% responded in the same way to the idea of bogus holiday sites, with 81% unfamiliar with ‘gap-year’ fraud.


MoneySavingExpert gives identity fraud protection advice

2nd July 2010

MoneySavingExpert Martin Lewis is giving advice about identity fraud on his website, including information about fraud cover available on different credit cards.

The MoneySavingExpert website explains what identity fraud is and answers some of the most commonly asked questions about identity fraud, identity fraud insurance and what protection is included with some major credit cards.

MoneySavingExpert’s identity fraud prevention tips:

More than 40% of parents commit car insurance fraud

29th June 2010

Research has revealed that 41% of parents are claiming to be the main driver on a car insurance policy which is actually for one of their children.

This practice is fraud, known as motor insurance ‘fronting’.

It occurs when a higher risk driver, such as a younger driver, is added as a named driver to a car insurance policy, when they are in fact the main driver or owner of the vehicle. 

Consequences of fronting

One online fraud victim every seven seconds

28th June 2010

Web users are being warned to protect themselves against online fraud after a new report revealed that someone falls victim to cyber-fraud every seven seconds in the UK.

Life assistance company CPP estimates that Brits were targeted by 3.7billion phishing emails in the last year alone. A quarter went on to fall victim to e-fraudsters, with the average victim losing more than £285 each.

Fake banking emails