UK criminals are keeping one step ahead of credit card technology despite the introduction of Chip and Pin which was designed to give the customer more security.
Figures for credit and debit card fraud last year, rose to an incredible £535million, with criminals using new methods of committing credit card crime.
The skimming of cards being used abroad where ATM machines do not check Chip and Pin has become a popular way of obtaining card details.
Criminals are also using bugging devices which fit to till side payment systems to record details from the magnetic microchip, this method also allows the recording of the customers pin code.
Fraudulent use of cards at UK checkouts accounted for £73million of illegal spending, a rise of one million pounds from the previous year.
It is clear that the chip and pin system that was introduced to give users more security, is having absolutely no effect on credit card crime at all.
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