June 2007 update - credit fraud hit the headlines again this month when it was leaked that the government has advised police forces to refer complaints about credit card fraud back to the banks. Observers see this as a worrying point or an admission that the police have neither the skills nor the resources to tackle increasing credit card fraud. A spokesperson from a major bank said thay had reduced the number of cases they refer to the police as they have experienced the inability of the police to deal with them.

This is a hot topic at the moment, with so much money being processed via credit cards they are an obvious target for criminals who are getting ever more sophisticated. Not only are there so many cards out there to target, but because people are spending more and more on their cards, then the chance of them spotting a low level of fraud is becoming more and more unlikely. Sometimes victims may not know for months that they are being targetted.