Credit Cards UK

Steps Taken To Fight Credit Card Fraud

 

August 29, 2005

It is good to see that banks and credit organisations are finding and getting something done about the cyber criminals that are lurking about inside our computers to try and steal the hard earned cash and identity, that is ours and ours only.

After the recent sentencing of two men who were working off the personal details of banks and there customers, that were being supplied by Russian computer hackers. Both men have seen their freedom being striped from them and have been sentenced to a total of ten years between them.

Both men were involved in a wide and varied range of criminal activity, being committed online in the UK and were caught after police found an array of equipment and blank bank and credit cards, on which they would copy the details of the information that they were receiving from the Russian crooks and would then buy goods or withdraw money using the identities of unsuspecting bank and credit card customers.

The men, one a US citizen (Douglas Harvard) and the other a UK citizen (Lee Elwood), were both heavily involved in the promoted and put into practice a whole load of criminal activity, that has seen them steal in the region of £750,000 or more in a 10 month period, with a estimated theft of £6.5 million over two years.

If this is what two men can be seen to be stealing from us it is hardly surprising that there is so much fraud committed over the internet and through the use of computers and falling victim to identity fraud and how to stop it from happening in first place, though this is easier said than done, when the information that the crooks are getting their mucky paws on, is coming straight from the data base that hold it.

And with crime lords always on the look out for ways to make more and more money to finance other illegal practices, then the Internet has become a very profitable way for them to do this.

So by making sure that we destroy any documents or bills that may have any sort of detail that they can use before throwing them in the bin and by only shopping or banking on the Internet on sites that we know that are secure, then we can only do everything that we can to reduce the risk of the crooks getting the information from us, all be it indirectly and just hope that the banks and credit card companies, do all they can to stop it happening from they’re end.

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