More and more people are spending on the internet than ever before. Internet retail sales, have over the years, seen an increase and it is predicted that the trend will continue. Although the online sales keep increasing so does internet based fraud.
The frauds are not limited however to online sales. Credit card fraud is on the increase generally regardless of all the new security measures that are being introduced.
Credit card fraud has increased online and offline. Although financial institutions are trying to tackle the issue, there is still an alarming number of cases being reported.
Due to the number of cases, the Home Office has asked that if an individual is the victim of such a crime that they report it to the financial institution rather than the police.
The approach has received mixed responses. Amongst the responses is a view that this will in effect help the reported figures of such crime to be reduced as it will be up to the financial institutions to declare the number of offence, which they may not choose to do.
The Home Office have stated that the above approach is to allow for a much more efficient and effective way of dealing with such criminal offences.
Read more by clicking Fraud Victims told not to bother Police
