Contactless cards are making it easier to defraud the elderly

Posted by Amy Flower in Identity Theft on 19 February 2016 - Amy is a Senior Credit Analyst at checkmyfile

As technology steams ahead, there is an increasing risk that those elderly family members who are not tech savvy could be at risk of being defrauded by other family members. Action on Elder Abuse (AEA) has seen an increase in calls to their helpline regarding small, regular amounts of money being pilfered by family members who have easy access to their bank cards.

The AEA organisation recorded over 7,700 financial abuse calls and more than half of this type of call was to report theft by a family member. The statistics of these types of calls show that the most vulnerable were elderly women over 80 years old.

An appealing element to the contactless cards is being able to make a payment for a small amount not exceeding £30 and no PIN needed. Unfortunately this also means that it is now easier than ever to steal small amounts of money without needing to know the card PIN number. It is difficult to prove that fraud has occurred with the card, as no itemised receipts are given with the transactions.

Contactless payments have been on the rise since the amount you can pay for has reached the £30 limit, reaching £1bn in November last year. This new way of paying is convenient for quick transactions and helps to keep money moving. Cards with contactless technology are typically provided when new cards are ordered or sent after expiration of the old card. If you do not want to have a contactless card you can request a basic card from your bank, so that you do need to enter your PIN on all transactions. The only exception from this would be Barclaycard who now only provide contactless cards.

Lesley Carcary, the helpline's Scotland director, says, "We are trying to do more to educate the elderly about contactless technology, but we find that most elderly victims of financial crimes are fully aware someone is stealing money from them. They tend to keep quiet about it because they are very often highly dependent on the friend or family member who is helping themselves to the funds."

If you have elderly family members that use contactless cards, you can discuss the option of having a standard card or make them aware of how this fraud is easily carried out.

Check Your Multi-Agency Credit Report

30 Day Free Trial

Personal Data in the Wake of Facebook/Cambridge Analytica

Strange as it might sound to some, huge numbers of people routinely complete online surveys through Facebook to find out which football player they are most like, which Hogwarts house they should be in or how much money they will be earning in 2050. The truth is, every time you volunteer seemingly innocuous information or consent to share profile information with an app, your data is probably going somewhere to be used for another purpose.

Published on 17 Apr 2018 by Paul Anderson-Riley

Full Article

Identity Fraud: What To Do If It Happens To You

Year on year, there has been a substantial rise in the number of identity fraud cases being reported to organisations such as Cifas, the UK’s fraud prevention service. It’s no real surprise when you consider the crime can be committed from the comfort of someone’s home without ever having to risk showing their face.

Published on 6 Feb 2018 by George Coburn

Full Article

What's a Politically Exposed Person (PEP) & Why is it on my Report?

PEP stands for Politically Exposed Person, which would typically relate to an individual who has a prominent public title or function. If you receive this classification, often you will have to undergo additional security checks when applying for finance. Your credit file will tell you if you have been identified as a PEP, however for most people it isn’t something they’ll need to worry about.

Published on 8 Jan 2018 by Paul Anderson-Riley

Full Article

Brits continuing to fall for HMRC and Apple gift card scam

At the face of it, it seems a bit odd that the company responsible for collecting taxes would request payment from individuals in the form of an Apple iTunes gift card, but according to Action Fraud, this scam has continued to be profitable for fraudsters. The scheme first came to light in May last year and Action Fraud have received hundreds of complaints since then.

Published on 30 Jan 2017 by George Coburn

Full Article

Yahoo’ve been hacked – Yahoo in largest ever reported data breach

In the last two years, we have already been alerted to data breaches at Three Mobile, Tesco Bank, TalkTalk, Morrison’s, Steam and Sage, amongst others. The scale of these hacker attacks have varied. But none have come close to the newest report.

Published on 16 Dec 2016 by Ben Tumilty

Full Article

Lloyds bank letter scam

Millions of consumers have been warned to be vigilant and question written correspondence from their banks following a sophisticated scam which has targeted customers of Lloyds Bank.

Published on 12 Dec 2016 by Kirstie Brown

Full Article

Digital footprints - taking a step in the right direction

Credit reports and the internet are now not too far away from each other in evaluative skill, as there is a lot that can be learnt about an individual from their online presence.

Published on 1 Dec 2016 by Paul Anderson Riley

Full Article

Another giant data breach

Only last year a communications giant had a serious data breach, which left customer’s details in the hands of fraudsters. But following in Talk Talk’s footsteps, the mobile giant Three have revealed that over 400 phone handsets had been stolen thanks to a security breach where fraudsters were able to login to Three’s systems.

Published on 22 Nov 2016 by Ben Ryland

Full Article

The Taxing Scammers

Some people question paying taxes in the first place, so it’s no surprise that around 50,000 people a day are being targeted as a part of a tax refund scam in the UK. Personal details have been shared with scam artists pretending to be government officials claiming that a refund could be due.

Published on 1 Nov 2016 by Paul Anderson Riley

Full Article

British banks still failing to protect customers from ID theft

Consumer group Which? has today criticised some of the biggest banks in Britain for failing to invest in security systems that would better protect their customers from fraudulent activity. This criticism comes as a result of a 64% increase in online banking fraud last year alone, with losses of £133.5m. Fraud for phone banking rose 28%, with losses of £323.3m.

Published on 27 Oct 2016 by Kirstie Brown

Full Article
keyboard_arrow_left

keyboard_arrow_right

We have loads of great customer reviews