Types of Card Fraud

Card-not-present (CNP) fraud:

This occurs when fraudsters use stolen card details to buy goods or services online, by phone or mail order.

Counterfeit card fraud:

This occurs when fraudsters make an illegal copy of your credit or debit card. Most of this fraud involves skimming, whereby your card’s magnetic stripe data (on the back of the card) is electronically copied by a criminal. Fraudsters often skim cards by using a device that is fitted to a cash machine or a PIN pad. This data is then transferred onto a fake magnetic stripe card and used overseas in a country that has not yet rolled out chip and PIN.

Lost and stolen card fraud:

This occurs when your debit or credit card is physically stolen or lost and then used by a criminal, posing as you.

Card ID theft:

This occurs when a criminal has managed to obtain details other than your credit or debit card, such as stolen personal information, to open or take over a card account in your name.

Mail non-receipt card fraud:

This type of fraud occurs when your new card – being sent to you by your card company – is stolen by fraudsters. Those most at risk from this type of fraud are people with communal letterboxes, such as those living in flats and student accommodation or people who have moved and not redirected their post.