London tonight - Catching the card fraudsters -
Aired 20.00, 27th October 2008 on ITV1
Morland Sanders investigates the credit card fraudsters, and straight away you learn that he isnt no Roger cook, rather a limp wristed, hairspray coated wannabe. On reflection he would have been better suited to some sing-along childrens program - i wonder if CITV are hiring?
Back to the plot. It seems that in 2007 plastic card fraud alone cost £535m, an increase of more than £100m over 2006 (figures published by APACS, the UK Payment Industry) and, apart from sending spongebob square head to give him a damn good talking to, what are we doing to help combat ‘card not present’ fraud?
Ive compiled a list..
- The government has allocated £29 million to be spent through 2010 putting into place the recommendations made in a cross-government fraud review conducted by the attorney general.
- A new fraud strategic authority will lead the battle to fight fraud in the UK, and a new fraud reporting centre will improve police intelligence about fraudsters targeting this country.
- A national lead force for fraud will enhance police work on fraud cases.
- The Home Office and the Corporation of London are each contributing additional resources towards the cost of an expanded City of London Police fraud squad and are both contributing just over £1.12m in 2007/08. This money helps the City of London Police expand its fraud squad so that it can better take on organised crime, and take a leading role in the investigation of fraud in London and the south east.
- Setting up a Dedicated cheque and plastic crime unit (DCPCU) This specialist police unit that we helped establish, aims to reduce organised card and cheque fraud using intelligence provided by the card industry, which funds it.
Thats great, and i know im no fraud expert, but im willing to offer my advice free of charge. How about..
- ONLY SHIPPING TO THE CARDHOLDERS ADDRESS??! - making this one change would stamp out 95% of all card not present fraud, sure it would be a little inconvenient for some, but a small price to pay.
- Texting the registered card holder the transaction so they have to reply to authorise it
- replacing chip and pin with thumb print readers - having the print stored on a central server rather than the card.
- embedding the card holders photo onto the credit card.
I know that the last two points would be expensive to roll out, but with the fraud costing £500 million a year and rising, im sure they wouldn’t have to wait long for the return on investment.
There seems to be a trend in the UK of putting all our resources into ‘catching the crooks’, instead of preventing the crime in the first place. - Its the CCTV, Speed camera mentality… clearly we are not bothered about the crime actually happening, but reactively catching the crooks (or not) after the event. SURELY its better to take away the ability to commit the crime in the first place?!
Just seems common sense to me..

Listening to the news this morning as i was getting ready (yes, this is a sure sign that im getting older.. no more big breakfast on channel 4, no more MTV.. just the news.. eek) and i hear that Mr Glitter has been released from jail and will be back in the UK shortly.
Fred, 15, was gunned down whilst he slept in his parents home in peckham.
I bought a teddy bear last night for £10. I named it Muhammad. I then sold it for £20. Do you think i made a Prophet ?


