Bank Card Chip & Pin Increases UK ATM Crime

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The British consumer is the loser as chip and pin drives crime to the ATM – claims leading UK credit card comparison website, uk.creditcards.com, after new figures from “Financial Fraud Action UK” show ATM crime tripling.

3 ATMs

ATM Crime Soars

The fact that criminals are resorting to Oliver Twist style tactics to steal bank cards & details is testament to the fact that credit, bank debit and prepaid credit cards have never been more secure.

Crime at the ATM has surged in the UK according to recent figures from Financial Fraud Action UK, released on the Police’s “Action Fraud” blog, (The industry body tasked with the prevention of card and payments fraud) as chip & pin technology closes down the routes available to criminal for other types of card crime.

The numbers obtained by leading UK credit card comparison website, uk.creditcards.com, show that the number of incidents relating to ATM crime have tripled in 2013, when compared with the same first 4 months of 2012 (from 2,553 in 2012 to 7,525 in 2013).

According to Action Fraud, the UK Police’s fraud reporting centre, we are seeing a return to older “distraction techniques” as technological advances make card cloning and hi-tech crime more difficult to perpetrate.

One popular method of getting bank cards and pin numbers is referred to as “shoulder surfing” a process that involves thieves watching closely over an individual's shoulder as they enter their pin number into an ATM and then distracting them so that their card can be snatched before they have a chance to retrieve it themselves.

Police advice all people entering pins numbers in an open environment to shield the hand they type with from view with their opposite hand to reduce the risk of falling prey to credit card criminals.

A spokesman for uk.creditcards.com commented :

"We have seen massive developments in the card security arena over the past few years - chip & pin being the most obvious to the consumer."

"The fact that criminals are resorting to Oliver Twist style tactics to steal bank cards & details is testament to the fact that credit, bank debit and prepaid credit cards have never been more secure."

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Based in Colchester, Essex, uk.creditcards.com is one of the UK’s leading credit card websites. With great tools, tips, news & comparison tables, uk.creditcards.com helps UK consumers compare credit card products (from balance transfer to bad credit) to ensure they get the best product for their needs.

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Mark Scott
Freedom Marketing
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