Thursday 5 June 2014

'Electronic pickpocketing' looms as next threat in credit card fraud, police, security experts say


From ABC News

“Identity theft doubled from 2012 to 2013 and police are concerned about "electronic pickpocketing" as organised criminals get smarter and take advantage of weaknesses in Australians' defences.

A study by financial security firm Veda shows credit application fraud is at its highest level since 2009 in Australia, and the company says the main reason is the growing technical skill and innovation of organised criminals.

Queensland fraud and cybercrime detective Brian Hay shares that view, and has warned the ABC that identity thieves may exploit contactless credit card technology in order to wirelessly pick people's pockets.’

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