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Don't fall for these frauds in 2013

Make sure you protect your money in 2013 and don't give scammers the opportunity to leave you out of pocket.

 

by Michelle McGagh on Dec 20, 2012 at 15:20

Don't fall for these frauds in 2013

Your New Year resolution may be to make better use of your money, but you should also be aware of the scammers who want to part you and your cash.

Fraud consultancy UK Fraud said there will be a number of key trends that define fraud in 2013, and consumers need to make sure they keep their eyes open so they don’t fall foul of them.

Bill Trueman, chief executive of UK Fraud, said tough economic conditions drive fraud, and although companies are doing more to prevent it, scams are evolving.

‘The current economic climate is driving change and there is an evolution in the world of fraud prevention that we have not seen before,’ he said.

‘However, if we are to stay ahead of the fraudster, we have to be able to read these trends and manage our strategy and risks accordingly.’

So what should you be looking out for over the next 12 months?

Card not present

UK Fraud believes this area will see the biggest rise in fraudulent behaviour over the next year. This type of cybercrime happens when genuine card details are stolen and then used to buy items over the internet, by phone or by mail order where a card does not need to be present to confirm the transaction.

To ensure you do not become a victim of card not present fraud ensure you are signed up to card verification systems, which are used by online retailers to double check that a card is being used by the cardholder.

You may have seen the MasterCard SecureCode or Verified by Visa screens pop up when purchasing online, which ask you to provide a password before completing your order – make sure you are registered with these organisations.

Never give your card details in a telephone transaction if you have not instigated the call and are not familiar with the company.

And if you are a fan of online shopping, make sure your computer has up-to-date virus software installed and that you only shop at websites that have the padlock security icon present in the browser bar. 

Cloud computing

The past year has seen another rise in the use of cloud computing. For those not au fait with the term, it means using the a remote server or internet network to store data rather than keeping the information in one place, such as on a PC or laptop.

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1 comment so far. Why not have your say?

CMLight

Dec 21, 2012 at 11:39

Even HMRC is not secure (or to be fair my BT connection may not be secure).

A few minutes after submitting my on-line Tax PAYE for 2011-12, I received an e-mail claiming to be from HMRC and asking me to fill up a form which was attached to receive a refund. I knew this to be in error and Norton 360 flagged the attachment as containing a virus and deleted it. I copied the e-mail to HMRC and they claim to be investigating it. But how did the originator of the e-mail identify me?

You cannot be too careful!

CMLight

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