|Figures released by the Association for Payment Clearing Services (Apacs) reveal that Internet fraud has risen 60 percent with more than £400 million being stolen from consumers already this year.|
The Interactive Advertising Bureau (IAB), which acts as watchdog for the Internet said that credit card offences had shown a 36 percent increase from £293 million in 2000.
Danny Meadows-Klue, IAB chairman and chief executive said “Online card fraud is a drop in the ocean compared to total card fraud, but it is increasing. We want to increase consumer confidence by encouraging shoppers to take simple steps to protect themselves. If online traders take the issue seriously more people will shop online.”
Consumers are advised to be warned of copycat sites which put up fake pages recreating legitimate sites, advisors say the best method of protection is to conduct business with trusted names and brands.