| credit card fraud may not be as lucrative as recently | | | | the Fast Lane, was notable particularly for the impact it |
| reported. | | | | made among its internet-savvy viewers. |
| When it comes to the risks of using a credit card | | | | Following the broadcast, viewers began to tweet on |
| Aussie media networks have recently been publicising | | | | micro-blogging site Twitter about the claims being |
| how lucrative your data could be to a fraudster. | | | | made - and the extra value that could have been |
| However, viewers of ABC's Four Corners have | | | | provided by telling viewers how to protect themselves, |
| pointed out discrepancies in its estimates of the value | | | | rather than focusing solely on the perceived risks. |
| of credit card fraud to the perpetrators, reports Digital | | | | Meanwhile, one Brisbane retailer, Ankle Biters, recently |
| Media. | | | | fell victim to credit card fraud after taking orders from |
| The publication - self-titled as Australasia's "journal of | | | | an individual claiming to be a wholesaler based in the |
| the new media revolution" - explains that by defrauding | | | | UK. |
| a credit card Aussie criminals can expect to make | | | | However, after transferring money to the person's |
| around US$30 a time. | | | | shipping agent, the online-based retailer discovered that |
| Guidance from security firm Symantec puts the value | | | | the funds had gone directly into the fraudster's |
| of each card around this two-figure mark, the article | | | | account, reports eTail Today. |
| adds. | | | | A total of $24,000 was lost in all, following which the |
| It goes on to note that Symantec was thanked at the | | | | company's ability to accept legitimate payments from |
| end of the Four Corners report on credit card fraud. | | | | Aussie credit cardholders was put on hold. |
| However, during the report, one police officer | | | | From being just weeks away from opening a physical |
| described himself as "conservatively" estimating the | | | | store, the family-run firm now faces "an extremely |
| profit per card that fraudsters can expect, when he | | | | long road" back to profitability, according to founder |
| put the figure at $2,000. | | | | Tanya Love. |
| Digital Media suggests that the piece, entitled Fear in | | | | |