Credit fraud is a massive problem in the UK, Europe and the rest of the World. It is now estimated that millions of pounds are stolen every single year via credit card fraud, and that the problem is gradually getting worse.
But it’s not all bad news, as a judge this week jailed a gang of four criminals, responsible for numerous credit card thefts throught the UK over a prolonged period.
The leader of the gang, software engineering student Theogones De Montford was called ‘one of the most prolific fraudsters in the UK’ by the judge and jailed for four and a half years. The three remaining members of his gang were jailed for three years each for their parts in an ongoing series of scams.
Operating in several different areas of the UK, including Sussex, Bristol, Cambridge, Leicester and Kent, the gang would place hidden devices in credit card readers that would then send the details back to a laptop via Bluetooth. The criminals would then sell on the details to other fraudsters both in the UK and abroad.
The gang of four showed no remorse or mercy for their crimes, even for stealing from those with poor credit credit cards , as well as the elderly and disabled.
Usually operating in and around petrol stations and garages, the criminals managed to collect the details of more than 35,000 people. Many of those people would have already been struggling with bad credit in a tough financial and social environment.
It’s nice to see this kind of predatory criminal behind bars, and it appears to be a major win for the police force, who claimed that they had seen ‘a significant reduction in the number of chip-and-pin frauds in the UK’.
If you’re worried about fraud of any kind, there are some simple ways you can help increase your chances of staying safe. When you’re at a cash machine, check quickly for any suspicious devices around the card reader section of the machine. If you spot something you’re not happy with, just walk away and find another machine. You should also ensure you cover the keypad anywhere you need to input your pin. You would also be well advised to only use machines in a well lit, reputable area that’s preferably filmed 24 hours a day. If you’re still concerned, call one of the many credit advice numbers and ask for someone to talk you through improving your personal finance security.
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