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Card fraud figures decrease and NFC is the latest technology to be a big hit in 2011

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16/03/11 in Card Fraud/Theft | Media monitoring |

Media monitoring over this last week includes: Card fraud figures released from The UK Cards Association with commentary from Nick Jones of CPP.  

Also in the news, how NFC (Near Field Communication) technology is gong to be utilised by banks and mobile operators.  Many Britons fear being a victim of card fraud and the latest security threats to look out for in 2011.


In the media for the week: 7th – 13th March 2011

Card fraud falls in the UK, but is it still a problem?

The UK Cards Association released their figures on reporting fraud in UK on credit and debit cards in 2010.  The fact this is the lowest level since the year 2000 is great news however CPP’s Nick Jones asks two important questions, “what’s behind the reduction and should we let our guard down when it comes to protecting our credit and debit card details?”

To find the answers view our blog post “UK card fraud falls again, but is it still a problem?”

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NFC technology is the biggest thing in 2011

According to the v3.co.uk article Near Field Communication (NFC) is one of the tech buzz words of the year, with mobile operators and banks intending to use this technology in the coming year.

Smartphone giant RIM’s managing director commented “… we think BlackBerry devices will be the safest place to carry out secure mobile payments”

Make sure you’re up to speed on what NFC technology is and what it means to you by visiting  v3.co.uk .

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Card fraud feared by Half of Britons

A survey by payment systems group ACI Worldwide has revealed half of Britons are worried about becoming victim of card fraud, however simple steps to prevent card fraud are not being taken.

The results of the survey included:
•    48% of those surveyed were worried about losing money by card cloning, or stolen credit card
•    59% of people think that this type of crime is on the increase
•    66% of participants were worried about becoming a victim of card fraud due to the current economic climate
•    36% could not afford to lose any money as they had less now
•    9% reveled they leave their PIN with the debit or credit card – thus making it easy for someone to use their card if lost or stolen.

For more information about this survey, click here.

Check out our tips to avoid card fraud - if you have some great tips, feel free to share them on the comments section at the end of this post!

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Security threats to look out for in 2011

Malware scams were one of the security industry test in 2010, but what are the threats of 2011 shaping up to be like?

According to Cio website, these are the following 5 threats of 2011:
1.    Mobile apps
2.    Social network based scams
3.    Fake anti-virus
4.    PDFs
5.    War games.

For more information about this news story visit: http://www.cio.com.au/article/379411/five_big_security_threats_2011/

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