Threat - Skimming (ID/Card Fraud)

Market Intelligence

Skimming is the main factor behind UK counterfeit card crime.

UK skimming has increased 260% from 2000 - 2005

UK Criminals stole £65m in 2005 using skimming devices
During the first 3 months of 2006 UK skimming loses were up 54% to £21m
During the first 6 months of 2006 UK skimming loses were up 16% to £53m

APACS (UK Association for Payment Clearing Services) First 6 months of 2006

Counterfeit card fraud

£53m

(up 16%)

Card Not Present fraud (CNP)

£95m

(up 5%)

ATM fraud

£40m

(up 37%)

Fraud Abroad

£49m

(up 16%)

TOTAL:

£237m

 

CNP represents 46% of the Total UK card fraud and is estimated to be:

In 2006 UK CNP will be:

£245m a rise of 34%

In 2005 UK CNP was

£151m a rise of 24%

In 2004 UK CNP was

£122m a rise of 21%

Since 1998 UK CNP fraud has risen 1347%

Counter Measure – Counter Measure - Anti-skimming device for ATMs

ATM-ASD101 passive anti-skimming device that "Detects And Protects" from the most common alien RF signals. With the flexibility for the FI to determine what resultant action should be taken.