10/11/2004
Industry urges NI to ‘play safe’ with cash cards
Cash machine users were today advised to keep playing safe when making cash withdrawals, despite fraudulent cash withdrawals in Northern Ireland falling by 8% to £368,000 over the past year.
However, despite a fall in Northern Ireland figures the rest of the UK saw an average rise of 85% in fraudulent cash withdrawals over the same period.
One of the main reasons for this increase is the rise in the use of skimming devices, which copy card details, and miniature camera devices, which record cardholders’ PINs at cash machines. The organised gangs behind these attacks initially targeted large cities, but this type of crime is now occurring across the country.
Across the UK cash machine crime is now the fastest growing category of card fraud in the year to June 2004. Despite this, total losses of £61.1 million represent less than 0.05% of the £144 billion of money safely withdrawn from cash machines in the UK.
Sandra Quinn, director of corporate communications for APACS, the UK Payments Association, said: “Criminals are making extra efforts to target cash machines before chip and PIN – which will prevent the use of skimmed cards in cash machines - is fully rolled out.
“In the meantime we all need to be more vigilant when we use our cards. By following our top ten tips cardholders will minimise their chances of falling victim to cash machine crime.”
In its efforts to reduce cash machine crime, APACS said it has enlisted the support of Crimestoppers, with whom it has worked in the past and who can be contacted on 0800 555111.
(MB)
However, despite a fall in Northern Ireland figures the rest of the UK saw an average rise of 85% in fraudulent cash withdrawals over the same period.
One of the main reasons for this increase is the rise in the use of skimming devices, which copy card details, and miniature camera devices, which record cardholders’ PINs at cash machines. The organised gangs behind these attacks initially targeted large cities, but this type of crime is now occurring across the country.
Across the UK cash machine crime is now the fastest growing category of card fraud in the year to June 2004. Despite this, total losses of £61.1 million represent less than 0.05% of the £144 billion of money safely withdrawn from cash machines in the UK.
Sandra Quinn, director of corporate communications for APACS, the UK Payments Association, said: “Criminals are making extra efforts to target cash machines before chip and PIN – which will prevent the use of skimmed cards in cash machines - is fully rolled out.
“In the meantime we all need to be more vigilant when we use our cards. By following our top ten tips cardholders will minimise their chances of falling victim to cash machine crime.”
In its efforts to reduce cash machine crime, APACS said it has enlisted the support of Crimestoppers, with whom it has worked in the past and who can be contacted on 0800 555111.
(MB)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
10 November 2004
Warning issued following huge rise in ATM fraud
Cash machine users have been warned to play safe when making cash withdrawals, after figures published today revealed that fraudulent ATM withdrawals topped £61 million last year – a rise of 85% in the UK. Total card fraud rose by 18% to £478.8 million in the 12 months to June 2004. The £28.
Warning issued following huge rise in ATM fraud
Cash machine users have been warned to play safe when making cash withdrawals, after figures published today revealed that fraudulent ATM withdrawals topped £61 million last year – a rise of 85% in the UK. Total card fraud rose by 18% to £478.8 million in the 12 months to June 2004. The £28.
09 November 2001
Researchers expose weaknesses in financial security
Concerns have been raised over potential security flaws in the system used by banks to protect PIN numbers from attack by fraudsters. Researchers from Cambridge University have warned that the computer systems used to pass along information from cash machine to personal accounts are more easily intercepted than previously thought.
Researchers expose weaknesses in financial security
Concerns have been raised over potential security flaws in the system used by banks to protect PIN numbers from attack by fraudsters. Researchers from Cambridge University have warned that the computer systems used to pass along information from cash machine to personal accounts are more easily intercepted than previously thought.
27 November 2014
CM Precision Components Creates New Jobs To Support Export Growth
Downpatrick company, CM Precision Components Ltd, is creating five jobs in an investment that will support the firm's export growth. The advanced engineering company produces precision machined components for the automotive, materials handling and aerospace sectors.
CM Precision Components Creates New Jobs To Support Export Growth
Downpatrick company, CM Precision Components Ltd, is creating five jobs in an investment that will support the firm's export growth. The advanced engineering company produces precision machined components for the automotive, materials handling and aerospace sectors.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.