During the last years, the Credit card fraud They have increased in many parts of the world, although entities have done everything possible to try to improve the security of their customers, more than 5.000 fraud per day, which has come to worry thousands of users around the world.
Losses for users due to credit card fraud, they have reached over 15 million euros. Data from this year have already shown which are the main points in which card fraud occurs, most of them are in places of buying on the internet that have had more than 780 thousand complaints during 2014.
2% of the fraud occurred at ATMs and the remaining 31% was reported through the card information theft, since the card had not been physically presented. These are usually banking or telephone operations.
During the last three years, a higher number of crimes has been detected, which indicates that this type of theft increased by 104%.
El balance that has been claimed by Fraud with credit cards, it is equivalent to more than 20 million euros of which the loss on the cards for 15 million was considered valid.
PHISHING ALERT
This type of fraud has increased. It is based on the frauds in which users have accounts of apocryphal bank mail that are used for frauds in which you do not have any type of physical contact with the card but are made through personal information.
When we talk about this type of activity is called phishing, which is when our personal data is stolen with images of financial institutions and then some type of fraud is committed with that data.
The frauds that have been seen the most are with BBVA logos or images and emails in which the person is asked for bank information to be able to make a transfer that has been withheld.
THREATS IN THE MEDIUM TERM
According to cybersecurity experts, Over time, people who engage in credit card fraud through this option will not only launch new programs for this purpose, but will also have new ways of violating the data of people who use cards.
Not only will they use their credit cards to steal other people's money, but you can also consume applications of all kinds on mobile devices.
How Credit Card Fraud Is Investigated
The first person who has to investigate your card and take into account all the data that is passing on it is you. Experts recommend that you be aware of all movements that are generated on your card credit to be able to recognize any activity that gets out of control from the first moment. All entities have a 24 hour hotline so you can communicate anytime you see something abnormal happening with your accounts. The speed with which you act is essential, since experts say that noticing the changes in your card in time can give you scares of as little as 50 euros or less.
Speed is something that you should always keep in mind from the moment you realize that something is happening with your credit card so that you can put limits on criminals through immediate card cutting.
Where it is most common
According to experts the online credit card fraud it has become 20 times more common in recent years. This ttype of purchase are called CNP and what you do is use the credit card number to be able to make large transactions to other accounts. Because experts know that, many entities make it possible to see if the card makes any unusual movement and is identified as an unusual movement by alerting the card owner. Another that is tried in many entities to detect fraud is the purchase patterns in the price, since in the event that a person always buys the same amount and suddenly a higher charge is registered, the customer will also be notified.
In many cases, the card is directly blocked and the person is warned of what is happening.
Tracking means for credit card fraud
Anyone dedicated to pursuing these internet crimes, has everything you need to do a good electronic tracking.
Many times, card theft it is carried out but there is no type of movement with this type of account, which means that researchers cannot see who or where it is being used from, however, it may be the case that the card is not being used for online purchases but you can use the name and data for installment payments or simply the name of the person.
The police can also stop this type of fraud with credit cards to ensure that no one can do Secondary Credit Card Fraud with any card.
Where is this more
Although it may seem that in Europe there is a greater number of Frauds With credit cards, however, statistics tell us that the country in which it occurs the most is the United States, in which more than 5000 million dollars are lost due to fraud each year due to credit card fraud.
In Europe, people in areas such as the United Kingdom and France are the most vulnerable in Europe, since last year more than 715 million dollars were lost in this area, which makes more than 62% of fraud concentrated in all Europe.
What concerns to Spain, this is the fifth most vulnerable country of each and every year it loses more than 123 million euros, however, during the last year a downward trend has been detected in the latter country.
A credit expert has said that the biggest problem in Spain is the credit card attacks through POS terminals. Since last year, the decrease in credit card fraud has decreased by 4,5%.
POS terminals in Spain
With the great advantage that this type of vulnerability gives when it comes to telephones, many criminals focus on the terminals to steal credit card data or any other type of information. By means of this method what they do in reading all the terminals during the payment of cards to keep the number and the password of the same ones.
On the other hand, experts say that all payment systems that have to do with credit cards that are based on chips are of lesser importance compared to those that are of traditional use in which only the number of credit cards can be used.
Regarding European credit cards, you have much more advanced systems in what refers to chip and pin and due to the good reception that is given in these cards in the face of the few attacks. They have already started to be used in many parts of the US.
Every day more worried
When it comes to credit card fraud, both Spaniards and Europeans are increasingly concerned about everything that is happening with credit card fraud. The main reason is that the black market for stolen cards it does not stop growing every day causing expenses to continue increasing. Banks promise new methods against everything that refers to card security, but for many entities it is difficult to provide new methods, especially in countries like the US where, far from what you might think, payment systems are very obsolete. Always use the chip
Experts say that the surest way to know if a card has been copied or stolen is by using credit cards with pin. In most cases, these types of cards can tell the bank in a matter of minutes if it is a card that has been stolen or duplicated and block it in a few seconds.
Experts speak of a relationship between the low credit card fraud that has been experienced in Spain compared to other European countries and the use of the chip in the cards.