London has been confirmed as the web-fraud capital of Britain, leading the pack when it comes to CNP (cardholder...
not present) fraud.
With an increase of around 22% in national internet card crime, the latest Early Warning Fraud Map shows London, Manchester, Coventry, Kilmarnock and Bristol as sustaining significantly more fraudulent transactions than elsewhere.
Early Warning compiles an online database of internet crime and provides tools to merchants help tackle it.
Greater London easily heads the list. The data suggests the postcode of SE18, which includes the high-crime Thamesmead area, could be a candidate for the card fraud capital of Europe.
Outside London, Northampton and Stockport, last year denoted as "amber" areas but predicted to make the top ten, have rapidly turned "red".
Andrew Goodwill, managing director of Early Warning said, "What is notable is the number of postcodes around the country where the Fraud Map last year registered negligible fraud, but which are now showing 'medium' or 'high' levels of fraud. We have to accept that nowhere is exempt."
Goodwill said chip and Pin in the high street had driven fraudsters to the web. To help combat the problem, Early Warning has developed an on-line "post-code risk assessment tool", which is freely available to internet traders via www.early-warning.org.uk
Top ten UK CNP fraud hotspots