id fraud chip and pin
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Locking down financial security
Comment This year, banks including Barclays and the Royal Bank of Scotland group gave customers their own chip-and-pin card readers to validate internet transactions. In 2006, internet fraud reached £154.4m, accounting for 73 per cent of card-not-present... [24 Dec 2007]
Chip and PIN on 98 per cent of UK tills
News Chip and PIN has also been blamed for making ID theft easier by a leading criminologist - despite figures released by Apacs last year pointing towards a £60m drop in counterfeit card fraud in the first year since the payment system was introduced. [15 Feb 2007]
Chip and PIN goes undercover
News Chip and PIN has been blamed for making ID theft easier, as checkout staff in shops are less vigilant about transactions because of the new anti-fraud technology, according to a leading criminologist. [29 Jan 2007]
Paying by iris and fingerprint - the next chip and PIN?
News Stewart Hefferman, COO of ID verification company TSSI Systems, says biometrics are the way forward: "This is the next stage after chip and PIN. Cannon said: "The experience of chip and PIN is that anything that slows the payment process is unwelcome. [14 Mar 2006]
Chip and PIN leads to fall in UK card fraud
News UK card fraud has fallen by 13 per cent to £439.4m in the 12 months since the introduction of chip and PIN technology, according to the latest figures from payments industry body Apacs. But while chip and PIN has helped reduce card fraud on the... [07 Mar 2006]
ID theft - what happens when you are the victim?
News But that doesn't stop card-not-present fraud or signature fraud in countries that have yet to use chip and PIN. The introduction of chip and PIN has made it more difficult for people to use stolen cards in the high street. [28 Feb 2006]
Government ID fraud claims - are they all they seem?
News APACS spokesman Mark Bowerman told silicon.com that ID fraud actually cost the payments industry just £36.9m in 2004 and that for the first six months of 2005 it has actually dropped by 16 per cent, mainly due to the introduction of chip and PIN. [02 Feb 2006]
Chip and PIN shifts fraud to online shops and banks
News This is in contrast to all other forms of card fraud which have declined in the face of fraud-busting chip and PIN technologies. Internet fraud now accounts for a quarter of all card losses, says the association. [08 Nov 2005]
Chip and PIN blamed for making ID theft easier
News Chip and PIN technology and ID cards will make it easier for criminals to engage in fraud and identity theft instead of tackling the problem, according to a leading criminologist. Dr Emily Finch, researcher at the University of East Anglia, claims... [05 Sep 2005]
Leader: Watch the ID card retreat
Leader The scheme is supposed to pay for itself but all independent scrutiny shows it won't and if the Treasury plays hardball with the purse strings, that could well leave the current ID card plans dead in the water - to be replaced by a vastly scaled... [04 Aug 2005]
Opinion: We'll pay for ID cards
Comment Cards and chip and PIN solutions are well-established technologies with a strong business case to support them. At the same time, we should not forget that all identity systems built upon any technology platform have, to my knowledge, a failure... [28 Jun 2005]
Private sector could face ID card costs
News But it predicted that by the time ID cards will be widely held, the chip and PIN readers in use by banks and retailers now will be due to be replaced, and is looking for "shared technical opportunities" with the chip and PIN infrastructure. [27 May 2005]
Phishing and key-logging Trojans cost UK banks £12m
News APACS put some of this down to thieves targeting the high volumes of new chip and PIN cards sent out in the post with fraud on cards stolen before cardholders received them in the post shooting up 62 per cent to £72.9m. [08 Mar 2005]
UK card fraud fall will mean rise in ID theft
News Although banks and financial institutions are hoping soon-to-be-introduced Chip and PIN will cut fraud losses, the new technology won't affect card-not-present fraud. With phishing scams becoming the new viruses, according to some, the UK's losses... [26 Aug 2004]
£400m card-fraud fight aided by intelligence systems
News APACS said the introduction of chip and PIN, which will replace signatures with a PIN number for verifying payments at checkouts, will help tackle fraud on lost, stolen and counterfeit cards, which accounted for over half of all plastic-card fraud. [09 Mar 2004]
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