Monday, April 18, 2016

Sharp increase in card fraud – Sveriges Radio

The sharp increase is due to several major data breach last year, where the card information been brought over and then sold, according to police.

– a rise of 100 percent compared with the same period last year, I have never experienced before. Then, one must remember that the rise of this type of crime, already between 2014 and 2015 was 60 percent. So the increase is exponential, says the inquiry leader Jan Olsson at police national fraud center.

During the first three months, police received in more than 25 000 complaints of computer fraud, which is thus twice as many during the same period last year. The reports are almost exclusively about cards or credit purchases in someone else’s name, for the most part on the Internet.

– You notice it when you start getting bills for goods you have not ordered. Then you need to consider whether you should lock your Social Security number, your card and of course also make a police report, said Mr Olsson.

According to the police is major data breach last year behind the strong the increase in fraud. Hacking where card information been brought over and then sold on.

– There are estimates that in the case of a billion data records stolen and where parts are card details. Therefore, the availability of those this information is extremely large and the prices on them drops, says Mr Olsson.

As individual consumers is in principle impossible to guard against this type of fraud he says.

– You can not protect you against your card intercepted by a data breach, it can not. However, you generally have to worry about your credit card information, but it is short publishers responsibility that they have safe products for our customers.

How to banks have handled it?

– in view of this increase and the huge influx of cases; I must say that it does not go so amazingly good, says Jan Olsson

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