Ecommerce News

Relentless protection practices the best way to prevent fraud

Matt Bullock
25 April 2011
The York Press reports that no fewer than 1.8 million people in the UK are victims of ID fraud each year, according to the National Fraud Society.

CPP, a York-based card protection services company, had been providing companies with ID products to defend against such attacks, until the Financial Services Authority (FSA) announced it was launching an inquiry into how its products were sold, the news source adds.

Undeterred, Eric Woolley, chief executive of CPP, urges people to continue to protect themselves from ID theft.

"Once the fraudster has convinced businesses that they are you, the onus is upon you to show that they are mistaken," Woolley told the news source.

Woolley hopes the company's recent run-in with the FSA won't prompt people to ignore credit card security and ID protection altogether.

The Independent adds that social networking sites have become a new outlet for fraudsters, with losses making up 10 per cent of 2010's overall British fraud figure of £4bn.

The media outlet recommends that users deploy different passwords for separate online accounts, install security software such as anti-spyware and anti-phishing systems and use a high-security, https-encrypted connection if using Facebook in a free Wi-Fi zone.