contactless card technology

Last night ITV’s report on “Fraud: How safe is your money?” exposed just how easy it is to fall victim to digital pickpockets, who steal people’s bank details via the chip found on their contactless cards.

Contactless fraud or ‘skimming’ has risen 18-fold in the last year and is becoming so sophisticated that it can be done via a phone app. Examples on the show included Shaz Nawaz who had £10,000 stolen from his bank account in 2013 and despite appealing to his bank, the Banking Ombudsman and the Police, he never got his money back – nor the crime investigated.

Reflecting the growing concern, new research from Defender Note shows:

·         24% of UK adults think contactless cards make fraud too easy; similar number (26%) say they are more risky than non-contactless cards

·         30% think banks should consult customers before issuing them with the cards

·         19% claim they will never use a contactless card because they don’t think they’re secure.

Morgan Rothwell, Director of Defender Note, said:

Contactless card fraud is rising fast and official figures are only the tip of the iceberg. Most skimming victims will have no idea they’ve been robbed until they check their bank statement, and many cases will not be detected at all.

Our research confirms that people see contactless technology as risky, which is why we’re launching the Defender Note – a cost-effective way of protecting yourself against this increasingly common type of fraud, which ensures consumers can continue using contactless technology with ease and peace of mind.

More information is available from Which – Protect Yourself From Financial Scams

Written By: Mark Holland

I love tech and gaming, and am always looking for the 'next big thing'...