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TORONTO, ONTARIO--(Marketwire - March 1, 2013) - Many people have heard about identity theft, but most think it is something that happens to others. The reality is that identity theft...
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AURORA, ONTARIO--(Marketwire - March 1, 2013) - Editors Note: There is an image associated with this press release. March is Fraud Prevention Month and to mark the occasion, State Farm...
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Posted by on in Fraud News
Oman's Bank Muscat says crooks have managed to compromise a dozen pre-paid travel cards, racking up RO15 million (US$39 million) in fraudulent transactions. No customers have suffered any financial loss...
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OTTAWA — Cyber crooks are pushing credit card fraud to record highs and costing Canadian businesses hundreds of millions of dollars annually.
According to statistics released by the Canadian Bankers Association, credit card fraud hit $436.6 million in 2011, the latest year for which statistics are available. Of that, “card-not-present” fraud, where a crook uses a stolen card number to make purchases over the Internet or by phone, was the biggest and fastest growing type of credit card fraud in Ca
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  • -  Card fraud losses as a proportion of the amount we spent on our cards decreases – from 0.066% during January to June 2011 to 0.063% during the first half of this year
  • -  Payment fraud losses are only half a per cent of all fraud losses in the UK
  • -  Figures suggest fraudsters bypassing security safeguards by duping consumers into handing over their own details – industry redoubles efforts to support vulnerable customers

    New figures released today (27 September 2012) show
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