Card fraudsters 'getting away with it'


Standard energy rates will be capped from January 2019, but switching with us could save you as much as £482* on your annual energy bills.

in partnership with Banner uswitch

Looking to switch your business energy supplier? Click here

* Between 1 Jan 2018 and 30 Jun 2018, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £482 or more.

New legislation which means that banks now hold the responsibility for passing on cases of credit card fraud for investigation, is letting the fraudsters get away with it, critics have claimed.

According to an investigation by the BBC's Newsnight programme, some police forces have received no reports of card fraud since the new rules came into effect, with banks reluctant to pass on information of minor cases.

Speaking on the programme, James Brokenshire, e-crime spokesman for the Conservatives, said: "With one in three people being the victim of credit card fraud, it is essential that there is no reduction in reporting or any suggestion that this type of crime is being downgraded, especially if this is to bring down reported crime levels."

However, with around £430 million having been lost as result of credit card fraud last year, the UK Payments Association has confirmed that it will continue to keep comprehensive data on all card crime, which will contribute to future Home Office statistics and reports.

"As an industry we have a vested interest in making sure card fraud is investigated and the fraudsters prosecuted," said Sandra Quinn of Apacs.

Earlier this month it was revealed that credit card fraud abroad cost UK travellers £118.2 million last year, with more than three quarters of the 9,000 reported cases taking place in Spain.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.

Found this page interesting?

Help spread the word and share this page with your friends and family on your social networks.

Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more