Compare Credit Cards with CardSmart

Home » Credit Card News » Card Protection & Fraud » Credit card fraud unit has saved £315 million

Credit card fraud unit has saved £315 million

The specialist police unit which tackles credit card fraud has marked its seventh anniversary by saving £315 million.

More from Card Protection & Fraud
5 May 2009

Credit card fraud unit has saved £315 million”

Bookmarks

The Dedicated Cheque and Plastic Crime Unit (DCPCU) has recovered more than 45,000 credit cards and almost 290,000 compromised card numbers since its launch in 2002.

The unit has also successfully secured 240 convictions on fraud related matters.

Comprising of officers from the Metropolitan and City of London police forces, the unit is sponsored by the banking industry. The industry pays £5 million a year to keep the unit going.

Sandra Quinn, director of corporate communications at the DCPCU, said: "Not only does the unit stand on its merits as a successful model for other countries to follow, but it provides real benefit when tackling the organised criminal gangs behind financial fraud."

According to Apacs, the travel and tourism industry attracts online fraud because flights are an appealing purchase for those using stolen credit cards.

Written by ©

Credit Cards	0% Balance Transfers	0% Purchases	APR Representative (Variable)
	Tesco ClubCard Credit Card
	9 months	15 months	16.9^%
16.9% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.9% p.a(variable).
	Virgin Credit Card
	20 months	3 months	16.8^%
16.8% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.8% p.a(variable).
	Barclaycard Platinum with BT
	22 months	3 months	17.5^%
17.5% APR representative (variable). Based on a credit limit of 1200 and purchase rate 17.5% p.a(variable).
Compare More Credit Cards...

The content and information on this website are intended as general information only and shall not be construed as financial advice or recommendations of any nature in accordance with the Financial Services and Markets Act 2000 nor is it intended to address specific financial requirements. Read more... We strongly recommend that you seek independent financial advice before using and/or relying on the information made available to you or prior to purchasing any financial product/service listed on the Website. Whilst every attempt has been made to ensure that the content and information published are true, correct and up to date, no warranty, guarantee or representation is given as to its accuracy, reliability or fitness for a specific purpose.

The Best Buy credit card comparison tables feature financial products/services of our advertisers and may not necessarily constitute the best offers in the market for each of such products/services.