London a hotspot for credit card fraudsters

By UK CreditCards.com

London a hotspot for credit card fraudJust three of the top 30 fraud hotspots in the UK are not located in London, reports fraud prevention service CIFAS.

CIFAS said that the top three postcodes for financial scams, including credit card fraud, are London SE18, IG11 and E6. However, while perpetrators of the cons were more numerous in the city, their victims were found to be more likely to live elsewhere.

For example, just four in 10 of the top 10 areas for facility takeover fraud -- where a con artist hijacks the credit card or bank accounts of a victim -- were found to be in London. Luton and Croydon were also found to be in the top 10 areas for victims of ID theft.

Sandra Peaston, CIFAS research manager, added: "London is a city of dense population where material wealth and disadvantage can be found in close proximity. It is therefore perhaps unsurprising that the most active fraud hotspots should be centred around the London area."

Richard Hurley, CIFAS communications manager, added: "The range of locations where victims of takeover are to be found ... just underlines how often this traumatic type of fraud is carried out remotely."ADNFCR-2308-ID-19242893-ADNFCR

Published: 6 July 2009