Southeast London is Britain’s online fraud hotspot
The area saw 66,000 'bad' transactions for every one million processed, according to one firm.
Southeast London has the densest concentration of fraudulent card activity in the UK, according to research.
Woolwich, Plumstead and Thamesmead in particular are especially bad, according to card fraud screening company The 3rd Man, which monitors around a fifth of all card transactions in the UK.
In the Southeast London postcode areas, there were 66,000 "bad" transactions out of the one million transactions looked at, with a fraudulent value of more than 18 million.
In total, the research analysed 85 million "good" and "bad" transactions over the past 12 months, with bad transactions adding up to a value of more than 85 million.
Andrew Goodwill, director at The 3rd man, explained to IT PRO that it gathered the data from individual retailers including Argos, Halfords and Ticketmaster.
He said: "If you were to go an retailer's website and bought something, all the information you put into the payment page, our customers send us that data and we do some forensic analysis."
"We then go back with our results, and by doing so we in effect screen for fraudulent transactions," he added.
Sign up today and you will receive a free copy of our Future Focus 2026 report - the leading resource for IT decision-maker insight on priorities and investment areas in AI, security and more.
-
Nissan employee data exposed in Oracle PeopleSoft zero-day attacksNews The car manufacturer has urged current and former employees to change banking passwords and remain vigilant for phishing emails
-
Why Apple is speeding up software patchingNews Apple is speeding up its software patching processes amid rising concerns that AI is helping hackers to spot and exploit flaws at a far quicker pace.
-
UK workers are shockingly relaxed about selling access to company systemsNews Research from UK fraud prevention service Cifas shows that insider fraud is rife
-
Rethinking fraud prevention: From identity checks to identity signal integritySponsored With new techniques being used by criminals, fraud detection has to move with the times to ensure security
-
FBI warns scammers are using cryptocurrency ATMs to siphon cashNews Criminals will stay on phone with victims as they make payments, says advisory
-
Hackers fake DocuSign and offer fraudulent signing methodsNews Criminals impersonate the e-signing company to steal credentials
-
Account takeovers rise nearly threefold during pandemicNews Financial services hit hardest by account hijackers, says Sift report
-
Cyber criminals leak one million credit cards on the dark webNews Among the stolen hoard are customer details from US and Canadian banks
-
SentiLink raises $70 million for its identity verification platformNews SentiLink’s ID Theft Score helps businesses combat synthetic fraud
-
Content fraud levels continue to rise in 2021News The pandemic has ushered in a new level of scams and misinformation