Samport

In the leading Swedish newspapers today (DN, SvD etc), you can read about how card fraud works and how fraudsters manage to succeed. Here is a summary of the news:

Here you find the fraudsters
Watch your payment credit and debit card! There are many places where the fraudsters use stolen card details. SJ (Swedish Railways), electronic warehouses and poker sites are the most popular ones.

- It is a noticeable increase in "carding crime". We receive more than ten reports daily from people that have become victims for "carding crime", says Thomas Bäcker, Research Manager at Stockholm City police.

Gaming at poker sites is one way to get hold of the money from stolen payment card details. However, it is not the most common one. According to Thomas Bäcker tickets are the most common target for fraudsters using stolen payment card details.

Read more about the news here>> and here>>
 
Samport's comments to this news
- Samport has noticed a substantial increase in Card-Not-Present fraud, starting last Christmas, says Fredrik Rehnvall, Fraud and Risk Manager at Samport. Carding, as mentioned in the article, is on the increase again and we strongly advice all e-commerce merchants to install a fraud shield. This anti fraud software is normally able to stop over 95 per cent of the fraudulent attempts. Regrettably, the fraud awareness among Swedish merchants is not satisfactory. Many merchants contact us only when it is too late, i.e. after fraudulent attack on their web shop, concludes Fredrik Rehnvall.

Samport in Swedish Radio P1:
Sunday the 20th of April 2008 at 1 pm and 7 pm, Samport will address the topic of card fraud in the Swedish Radio P1, listen to the the interview here>>