Financial news categories
Financial news archive
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
London size 'behind card fraud hotspot status'
21 February 2008
The sheer size of London and its population is the reason that the UK's capital is the worst city for card fraud according to the association for payment clearing services (Apacs).
A recent survey showed that almost a third of Londoners had been victims of card fraud, making the capital the hotspot.
However, it is not Londoners' lifestyles or carelessness that has given it the dubious distinction, but the volume of transactions the city sees.
Apacs spokesman Mark Bowerman said: "We would agree that London is the fraud hotspot in the UK but the fact of the matter is there are more cards in issue in London and therefore more transactions and more retail outlets in London. They are the factors behind the fact."
Provided cardholders follow common sense, they can minimise the chances of being victims of fraud wherever they live.
While certain types of fraud start somewhere, it is not long before they spread.
Mr Bowerman said: "Cash machine fraud, the very first time that happened in the UK, that did start off in London, but that's a few years ago and now it has spread all over the country."
