XMAS SPREE FRAUD FEARS.Byline: JENNY McQUAILE
IRISH shoppers could find themselves funding criminal shopping sprees this Christmas Christmas [Christ's Mass], in the Christian calendar, feast of the nativity of Jesus, celebrated in Roman Catholic and Protestant Churches on Dec. 25. In liturgical importance it ranks after Easter, Pentecost, and Epiphany (Jan. 6). if their bank card details fall into the wrong hands.
Banks and shops are expecting to pick up a tab of EUR EUR
In currencies, this is the abbreviation for the Euro.
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 12million for fraud losses involving cash cards, credit cards and Laser cards - as shoppers look set spend E9billion. But they are also preparing themselves for an increase in card scams operated overseas.
New high-security measures in the UK have seen criminals move their scams to Ireland Ireland, Irish Eire (âr`ə) [to it are related the poetic Erin and perhaps the Latin Hibernia], island, 32,598 sq mi (84,429 sq km), second largest of the British Isles. .
The Irish Payment Services Organisation (IPSO) have warned that most of the perpetrators are big time criminal gangs and terrorist groups.
The group has launched a campaign and website www.safecard.ie to help cardholders avoid fraud.
Una Dillon of the IPSO said criminal gangs target low-paid workers in the retail and restaurant business and offer them stolen credit cards for EUR50.
The Card Fraud Forum is advising Ireland follows the lead of the UK and introduces tough measures.