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NCJ Number: 236382 Find in a Library
Title: Strategies of Adaptation and Diversification: The Impact of Chip and PIN Technology on the Activities of Fraudsters
Journal: Security Journal  Volume:24  Issue:4  Dated:October 2011  Pages:251-268
Author(s): Emily Finch
Date Published: 2011
Page Count: 18
Publisher: http://www.palgrave.com 
Type: Report (Study/Research)
Format: Article
Language: English
Country: United Kingdom
Annotation: This article examines strategies for combating plastic card fraud in the United Kingdom (UK).
Abstract: According to the official press release that accompanied its launch, chip and PIN is the biggest change to the way that payments are made since decimalization. The aim of this new system of plastic card payment was to tackle stolen and counterfeit card fraud. However, recent figures published by the UK Card Payments Association show that counterfeit card fraud has increased dramatically since the introduction of chip and PIN and that, although stolen card fraud has decreased, the rise in other forms of fraud – noticeably those that do not rely upon knowledge of the card’s PIN – indicates that fraudsters may have adapted new methods in order to circumvent the new system. This article draws upon interviews conducted with fraudsters in 2004, before the widespread adoption of chip and PIN, and again in 2009, to ascertain the extent to which they have evolved new strategies for committing fraud. In doing so, the article highlights the attitudes and beliefs held by fraudsters that shape their actions thus providing valuable information that could shape policy decisions aimed at the reduction of plastic card fraud in the future. (Published Abstract)
Main Term(s): Credit card fraud; Financial institutions
Index Term(s): Crime in foreign countries; Foreign crime prevention; Fraud and abuse prevention measures; Fraud investigations; United Kingdom (UK)
To cite this abstract, use the following link:
http://www.ncjrs.gov/App/publications/abstract.aspx?ID=258377

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