Internet Retailing

Items tagged with 'bank'

[Editorial] Internet accounts for 46% of card fraud

Fraudulent use of bank cards in internet, phone and mail order transactions between January and June rose by 5% over the same period of 2005, according to payments association APACS. The actual losses from these cardholder not present transactions stood at £95.3m and are seen as only small increase when compared to the growth in the number of transactions performed online. APACS says that 26.4 million people now shop online with an estimated 372 million transactions undertaken in 2005.

£600,000 lost to phishing attack

The most costly online attack to date has resulted in a loss of 8 million kronor (£600,000). Customers using the online banking services of Swedish Bank Nordea found money missing from their bank accounts after they had downloaded an anti-spam programme containing a trojan.