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Date: April 30, 2024 Tue
Time: 2:53 am
Time: 2:53 am
Results for credit card fraud
11 results foundAuthor: Moon, Debbie Title: Acquisitive Crime and Plastic Card Fraud: Findings from the 2008/09 British Crime Survey. Supplementary Volume 3 to Crime in England and Wales 2008/09 Summary: Acquisitive crime refers to a group of offenses whose similarity lies in the nature of the crime, i.e., the acquisition of property. This bulletin presents frindings from addition analyses on respondents' experience of acquisitive crime and plastic card fraud based on the 2008/09 British Crime Survey. Details: London: Home Office Research, Development and Statistics Directorate, 2010. 42p. Source: Internet Resource; Home Office Statistical Bulletin 08/10 Year: 2010 Country: United Kingdom URL: Shelf Number: 118733 Keywords: British Crime SurveyCredit Card FraudCrime Statistics (U.K.)Property Crime |
Author: Langton, Lynn Title: Identity Theft Reported by Households, 2007 - Statistical Tables Summary: This report presents data on identity theft victimization reported by households from the National Crime Victimization Survey. The statistical tables provide 2007 data on rates and types of identity theft, as well as demographic characteristics of victimized households and their monetary losses. The number of households with at least one member who experienced one or more types of identity theft increased 23% from 2005 to 2007. From 2005 to 2007, the number of households that experienced credit card theft increased by 31% and the number that experienced multiple types during the same episode increased by 37%. During the 6-month period in 2008 for which identity theft victimization data was collected, 3.3% of households discovered that at least one member had been a victim of one or more types of identity theft. Details: Washington, DC: U.S. Department of Justice, Office of Justice Programs, Bureau of Justice Statistics, 2010. 5p. Source: Internet Resource: Accessed September 3, 2010 at: http://bjs.ojp.usdoj.gov/content/pub/pdf/itrh07st.pdf Year: 2010 Country: United States URL: http://bjs.ojp.usdoj.gov/content/pub/pdf/itrh07st.pdf Shelf Number: 119742 Keywords: Credit Card FraudCrime StatisticsIdentity TheftVictimization Surveys |
Author: Kane, John Title: The 2005 National Public Survey on White Collar Crime Summary: Within recent years, instances of white collar crime have become a topic of increasing frequency within the news. Security data breaches and crimes such as identity theft, credit card fraud, disaster fraud, and mortgage fraud have pervaded recent media reports, and scandals involving corporations such as Enron, Worldcom, Tyco, HealthSouth, and ImClone have dominated airtime. Furthermore, monetary estimates from the Federal Bureau of Investigation and the Association of Certified Fraud Examiners approximate the annual cost of white collar crime to be between $300 and $660 billion. Despite the evidence of the widespread nature of white collar crime, there remain few empirical studies devoted to assessing the prevalence of white collar crime as it relates to the general public. In response to this, NW3C conducted the 2005 National Public Survey on White Collar Crime (a follow-up to NW3C’s original National Public Survey on White Collar Crime conducted in 1999). By utilizing household and individual measures, this nationally-representative survey highlights the public’s recent experiences with white collar crime including victimization, reporting behaviors, and perceptions of crime seriousness. Details: Fairmont, WV: National White Collar Crime Center, 2006. 45p. Source: Internet Resource: Accessed October 6, 2010 at: http://www.nw3c.org/research/national_public_survey.cfm Year: 2006 Country: United States URL: http://www.nw3c.org/research/national_public_survey.cfm Shelf Number: 119868 Keywords: Credit Card FraudCrime SurveysFraudIdentity TheftPublic OpinionVictimizationVictims of CrimeWhite Collar Crime |
Author: Financial Crimes Enforcement Network Title: Identity Theft: Trends, Patterns, and Typologies Reported in Suspicious Activitiy Report Filed by Depository Institute January 1, 2003 - December 31, 2009 Summary: Identity theft was the sixth most frequently reported characterization of suspicious activity within the period of the study, behind structuring/money laundering, check fraud, mortgage loan fraud, credit card fraud, and counterfeit check fraud. Based upon analysis of the study sample, the number of identity theft-related depository institution SAR filings submitted during calendar year (CY) 2009 was 123 percent higher than the number reported in CY 2004. This compares with an 89 percent increase in the numbers of all depository institution SAR filings made in CY 2004 versus CY 2009.6 Over 86 percent of sample depository institution SAR filings bearing either the identity theft suspicious activity characterization or identity theft-associated keywords in their narratives actually described identity theft. Most of the remainder of the filings described identity fraud or provided insufficient information to confirm identity theft. Credit card fraud was the most frequently co-reported suspicious activity characterization with identity theft, appearing in over 45.5 percent of sample filings. In about 30 percent of these filings reporting the successful takeover of an existing credit card account, and 17 percent reporting the successful unauthorized set up of a new credit card account, the alleged identity thief added his/her name to the account as an authorized user. Several types of loan accounts were reportedly abused in 31 percent of filings. In 56.5 percent of filings specifically reporting student loan fraud, subjects included both their name and the victim’s name on the loan application as either the borrower or co-signer. Analysis of the sample indicated that filers reporting auto loan fraud facilitated by identity theft were successful in identifying these loans as fraudulent prior to funding in 49.5 percent of filings. Similarly, filers reporting student loan fraud facilitated by identity theft identified the loans as fraudulent prior to funding in 54.5 percent of filings. Nearly 27.5 percent of sample identity theft SAR narratives reported that the identity theft victim knew the suspected thief, who was usually a family member, friend, acquaintance, or an employee working in the victim’s home. Computer-assisted identity theft was described in 4 percent of filings. Fraud rings that employ identity theft to further their illicit activities were reported in 3.5 percent of filings overall, with the year-to-year trend line strongly up in every period except 2005-2006. Victims reportedly discovered identity theft through review of their own account activity in about 28 percent of filings in the sample. Filers credited routine financial institution account monitoring with uncovering identity theft in nearly another 21 percent of sample filings, and checks of commercial databases at account set-up in 14.5 percent of sample filings. Credit reports, law enforcement investigations, collection agencies, and credit monitoring services were responsible for revealing identity theft in a decreasing percentage of sample filings. Details: Washington, DC: U.S. Department of the Treasury, Financial Crimes Enforcement Network, 2010. 36p. Source: Internet Resource: Accessed October 25, 2010 at: http://www.fincen.gov/news_room/rp/reports/pdf/ID%20Theft.pdf Year: 2010 Country: United States URL: http://www.fincen.gov/news_room/rp/reports/pdf/ID%20Theft.pdf Shelf Number: 120071 Keywords: Computer CrimesCredit Card FraudFraudIdentity Theft |
Author: Huff, Rodney Title: The 2010 National Public Survey On White Collar Crime Summary: The 2010 National Public Survey on White Collar Crime was designed by the National White Collar Crime Center to measure the public’s experience with white collar crime in the following areas: ● Victimization ● Reporting behaviors ● Perceptions of crime seriousness The survey was administered from June to August, 2010 and employed random digit dialing techniques to provide a national sample. Landline and cell phone interviews of 2,503 adult participants were conducted in English and Spanish. Respondents were asked about experiences within their households concerning white collar crime within the past 12 months, as well as about personal encounters with these crimes within the past 12 months. The experiences measured were mortgage fraud, credit card fraud, identity theft , unnecessary home or auto repairs, price misrepresentation, and losses occurring due to false stockbroker information, fraudulent business ventures, and Internet scams. The study found that: ● 24% of households and 17% of individuals reported experiencing at least one form of these victimizations within the previous year ● Respondents reported victimization at both household and individual levels most oft en as a result of credit card fraud, price misrepresentation, and unnecessary object repairs In conjunction with direct victimization questions, respondents were asked whether or not the victimization was reported to law enforcement or other entities that might be able to assist the victim. Of the household victimizations: ● 54.7% were reported to at least one external recipient or agency (e.g., credit card company, business or person involved, law enforcement, consumer protection agency, personal att orney, etc.) ● Only 11.7% were reported to law enforcement or some other crime control agency. In an effort to gauge public perception of the seriousness of crime, respondents were presented with 12 scenarios that included various white collar crimes as well as traditional offenses. The scenarios were grouped into eight categories. These categories were, in turn, ordered into four dichotomies: (1) white collar/traditional crime, (2) crimes involving physical harm/money, (3) crimes involving organizational/individual off enders, and (4) crimes involving high-status/low-status offenders. Based upon the categorization, findings suggest that: ● Respondents viewed white collar crime as slightly more serious than traditional crime types ● Offenses committed at the organizational level were viewed more harshly than those committed by individuals ● Crimes committed by high-status off enders (those in a position of trust) were seen as more troubling than those committ ed by low-status persons. By collecting responses related to victimization, reporting behaviors, and perceptions of crime seriousness, the present survey reveals valuable information concerning the public’s experiences with white collar crime: ● Nearly one in four households was victimized by white collar crime within the previous year ● Few victimization reports reached crime control agencies. The survey also inquired about respondents’ perceptions of the impact of white collar crime on the current economic crisis, as well as the level of resources appropriated by the government to fight white collar crime. The survey found that: ● A majority believed white collar crime has contributed to the current economic crisis ● Nearly half the participants said that government is not devoting enough resources to combat white collar crimes. Details: Fairmont, WV: National White Collar Crime Center, 2010. 57p. Source: Internet Resource: Accessed April 18, 2011 at: http://crimesurvey.nw3c.org/docs/nw3c2010survey.pdf Year: 2010 Country: United States URL: http://crimesurvey.nw3c.org/docs/nw3c2010survey.pdf Shelf Number: 121388 Keywords: Credit Card FraudCrime SeriousnessCrime SurveysIdentity TheftVictimizationWhite Collar Crime |
Author: Rush, Howard Title: Crime Online: Cybercrime and Illegal Innovation Summary: With the growing sophistication and use of information technology, the past decade has seen a major growth in cybercrime. Broadly described, cybercrime refers to all types of crime that exploit modern telecommunications networks, in which computers or computer networks are used for criminal activity. This report focuses exclusively on financial cybercrime, specifically credit card fraud and identity theft. Financial cybercrime has increased dramatically in recent years and looks set to increase further as the proliferation of communications technology proceeds apace and reaches regions of the world with many underemployed poor people with information technology skills who can take advantage of cybercrime opportunities. The current global recession will likely increase this trend still further. Details: Brighton, UK: CENTRIM, University of Brighton, 2009. 97p. Source: Internet Resource: Accessed October 22, 2011 at: http://eprints.brighton.ac.uk/5800/ Year: 2009 Country: United Kingdom URL: http://eprints.brighton.ac.uk/5800/ Shelf Number: 123116 Keywords: Computer CrimesCredit Card FraudCybercrimesFinancial CrimesIdentity TheftOnline Victimization |
Author: Langton, Lynn Title: Identity Theft Reported by Households, 2005-2010 Summary: Presents data on the nature of and trends in identity theft victimization among U.S. households from the National Crime Victimization Survey (NCVS). The NCVS defines identity theft as the misuse or attempted misuse of an existing credit card or another existing account or the misuse of personal information to open a new account or for other fraudulent purposes. Findings are based on experiences of all household members age 12 or older as reported by the head of household. The data brief examines changes in the percentage of households experiencing identity theft from 2005 to 2010. It describes differences in the types of identity theft experienced by households in 2010 compared to 2005, as well as changes in the demographic characteristics of victimized households. The brief also presents estimates on the monetary losses attributed to household victims of identity theft. Highlights include the following: In 2010, 7.0% of households in the United States, or about 8.6 million households, had at least one member age 12 or older who experienced one or more types of identity theft victimization. Among households in which at least one member experienced one or more types of identity theft, 64.1% experienced the misuse or attempted misuse of an existing credit card account in 2010. From 2005 to 2010, the percentage of all households with one or more type of identity theft that suffered no direct financial loss increased from 18.5% to 23.7%. Details: Washington, DC: U.S. Department of Justice, Office of Justice Programs, Bureau of Justice Statistics, 2011. 11p. Source: Crime Data Brief. Internet Resource: Accessed on January 26, 2012 at http://bjs.ojp.usdoj.gov/content/pub/pdf/itrh0510.pdf Year: 2011 Country: United States URL: http://bjs.ojp.usdoj.gov/content/pub/pdf/itrh0510.pdf Shelf Number: 123772 Keywords: Credit Card FraudCrime StatisticsIdentity Theft (U.S.)Victimization Surveys |
Author: Cheney, Julia Title: Consumer Use of Fraud Alerts and Credit Freezes: An Empirical Analysis Summary: Fraud alerts - initial fraud alerts, extended fraud alerts, and credit freezes - help protect consumers from the consequences of identity theft. At the same time, they may impose costs on lenders, credit bureaus, and, in some instances, consumers. We analyze a unique data set of anonymized credit bureau files to understand how consumers use these alerts. We document the frequency and persistence of fraud alerts and credit freezes. Using the experience of the data breach at the South Carolina Department of Revenue, we show that consumers who file initial fraud alerts or credit freezes likely do so out of precaution. Consumers who file extended alerts are more likely to be actual victims of identity theft. We find that consumers are heterogeneous in their choice of alerts and that their choices are correlated with important characteristics found in their credit bureau files. These facts are useful for interpreting consumer responses to data breaches and for policymakers. Details: Philadelphia: Federal Reserve Bank of Philadelphia, 2014. 40p. Source: Internet Resource: Accessed September 29, 2014 at: http://www.philadelphiafed.org/consumer-credit-and-payments/payment-cards-center/publications/discussion-papers/2014/D-2014-IdentityTheft.pdf Year: 2014 Country: United States URL: http://www.philadelphiafed.org/consumer-credit-and-payments/payment-cards-center/publications/discussion-papers/2014/D-2014-IdentityTheft.pdf Shelf Number: 133474 Keywords: Consumer Fraud (U.S.)Credit Card FraudIdentity Theft |
Author: Howard, Marilyn Title: Unequal, Trapped and Controlled: Women's experience of financial abuse and potential implications for Universal Credit Summary: inancial abuse is often misunderstood but can have a devastating impact. This coercive and controlling behaviour can leave women with no money for basic essentials such as food and clothing. It can leave them without access to their own bank accounts, with no access to any independent income and with debts that have been built up by abusive partners set against their names. Underreported and poorly recognised, financial abuse affects women across the income distribution and in a range of different ways. Even those who may have a full-time salary or who share joint accounts with their partners are not safe from financial abuse. It is also important to understand that it seldom happens in isolation: in most cases perpetrators use other abusive behaviours to threaten and reinforce the financial abuse they are conducting. It is therefore vital that action is taken to improve understanding of the nature and impact of financial abuse among staff in all frontline services that may come into contact with domestic violence survivors. There is also a particular need for organisations such as banks to pay specific attention to customers who may be experiencing abuse and to support them to access money that is rightfully theirs and find safety. Universal Credit poses a particular challenge. A benefit that is set to be paid on a household basis sits uneasily with the realities of financial abuse, where men in some households use money to abuse their partners. Under current plans they will be able to do so more easily once Universal Credit is rolled out. But there is a range of ways the system could be improved to ensure that it does not collude with or exacerbate financial abuse. These include automatically paying Universal Credit to the main carer and making the payments more frequent than monthly. These changes, alongside ensuring that women fleeing violence are fast tracked to new claims and that joint claim processes include opportunities for confidential reporting, could help ensure that women experiencing abuse can be supported. Details: London: Trade Union Congress, 2015. 68p. Source: Internet Resource: Accessed May 9, 2015 at: https://www.tuc.org.uk/sites/default/files/UnequalTrappedControlled.pdf Year: 2015 Country: United Kingdom URL: https://www.tuc.org.uk/sites/default/files/UnequalTrappedControlled.pdf Shelf Number: 135547 Keywords: Credit Card FraudFinancial AbuseFinancial CrimesIntimate Partner ViolenceVictims of CrimesViolence Against Women |
Author: Ferradi, Houda Title: When Organized Crime Applies Academic Results A Forensic Analysis of an In-Card Listening Device Summary: This paper describes the forensic analysis of what the authors believe to be the most sophisticated smart card fraud encountered to date. In 2010, Murdoch et al. described a man-in-the-middle attack against EMV cards. demonstrated the attack using a general purpose FPGA board, noting that "miniaturization is mostly a mechanical challenge, and well within the expertise of criminal gangs". This indeed happened in 2011, when about 40 sophisticated card forgeries surfaced in the field. These forgeries are remarkable in that they embed two chips wired top-to-tail. The first chip is clipped from a genuine stolen card. The second chip plays the role of the man-in-the-middle and communicates directly with the point of sale (PoS) terminal. The entire assembly is embedded in the plastic body of yet another stolen card. The forensic analysis relied on X-ray chip imaging, side-channel analysis, protocol analysis, and microscopic optical inspections. Details: Unpublished paper, 2015. 20p. Source: Internet Resource: Accessed November 8, 2016 at: https://eprint.iacr.org/2015/963.pdf Year: 2015 Country: International URL: https://eprint.iacr.org/2015/963.pdf Shelf Number: 145387 Keywords: Credit Card FraudForgeryOrganized Crime |
Author: AUSTRAC Title: Stored Value Cards: Money Laundering and Terrorism Financing Risk Assessment Summary: AUSTRAC assessed the overall ML/TF risk associated with the use of stored value cards (SVCs) to be medium, and their vulnerability to criminal misuse to be high. The report found that the risk level of individual SVCs varies significantly depending on the features of the specific product. Travel cards that can be reloaded and redeemed offshore in cash carry significantly higher levels of risk than low value retail gift cards. The most common crime-types in which SVCs are implicated are money laundering and cyber-enabled fraud. Of particular concern is the use of SVCs for terrorism financing purposes. The risk assessment contains detailed information to assist industry understand the risks associated with SVCs and how they can mitigate these risks. Details: Canberra: AUSTRAC, 2017. 30p. Source: Internet Resource: Accessed November 20, 2017 at: http://www.austrac.gov.au/sites/default/files/stored-value-cards-risk-assessment-WEB.pdf Year: 2017 Country: Australia URL: http://www.austrac.gov.au/sites/default/files/stored-value-cards-risk-assessment-WEB.pdf Shelf Number: 148274 Keywords: Credit Card FraudFinancial CrimeMoney LaunderingRisk AssessmentTerrorist Financing |