University of Strathclyde Card ID Theft: Trends in Smartcard fraud scam
Department of Computer and Information Sciences, University of Strathclyde and Associates.
The introduction of smartcard technologies has reduced the incidence
of card fraud in the UK,...
More
University of Strathclyde Card ID Theft: Trends in Smartcard fraud scam
Department of Computer and Information Sciences, University of Strathclyde and Associates.
The introduction of smartcard technologies has reduced the incidence
of card fraud in the UK, but there are still significant losses from fraudulent
card use.
In this paper we detail the context of smartcard introduction and describe
the types of fraud that remain a threat to cardholders and other stakeholders
in the card system.
We conclude with a risk analysis from the cardholder’s
perspective and recommend greater cardholder awareness of such
risks.
A recent report from the European Security Transport Association (ESTA) found that
nearly 20% of the adult population in Great Britain has been targeted as part of a
credit or debit card scam.
As a result, the UK has been termed the ‘Card Fraud Capital
of Europe’ [1], with UK citizens twice as likely to become victims of card fraud as
other Europeans.
Plastic card fraud i
Less