UK Money News
21st February 2008
London's size makes it credit card hotspot
London's status as credit card fraud hotspot is down to its sheer size rather than a proportionately higher crime rate in the capital, it has been claimed.
Earlier this week a study from CCP Group showed that over the course of the last year London has gone from fifth to first position in the UK's top ten card fraud hotspots.
Mark Bowerman, a spokesperson for Apacs, denied that the finding indicated that living in the capital meant that Londoners are more at risk than residents of other cities.
Instead, he sad, the city's number one status can be attributed to the simple fact that London is more populous and busier than other cities, meaning that more cases of the crime occur.
Mr Bowerman explained: "We would agree that London is the fraud hotspot in the UK but the fact of the matter is there are more cards in issue in London and therefore more transactions and more retail outlets."
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