April 19, 2006

Numbers on British Fraud and Debt

A list of numbers on fraud, allegedly from The Times (also) repeated here FTR (for the record).

INTERNET CHATROOM PRICE LIST

Regular credit card number: $1
Credit card with 3-digit security code: $3-$5
Credit card with code and PIN: $10-$100
Social security number (US): $5-$10
Mother's maiden name: $5-$10
THE BIG NUMBERS
56.4 ($100) billion:Total amount owed on British credit cards
141.1 million:Number of credit, debit and charge cards in Britain
1.9 billion:Number of purchases on credit and charge cards in Britain a year
123 billion:Total value of credit and charge card purchases a year
5:Number of credit, debit and charge cards held by 1 in 10 consumers
58:Average value of a purchase on a credit card
41:Average value of a debit card purchase
88 percent:Proportion of applicants who have been issued with a credit card without providing proof of income
504.8 ($895) million:Total plastic-card fraud losses on British cards a year
1.3 ($2.3) million:Amount of fraud committed against cards each day
7:Number of seconds between instances of fraud
696 ($1,235):Average size of fraud, 2004

(Printing them in USD is odd, but there you go... I've preferred the Times' UKP amounts above, as there were a number of mismatches.)

Posted by iang at April 19, 2006 10:01 AM | TrackBack
Comments

The original is at http://technology.timesonline.co.uk/article/0,,20411-2135302,00.html.

Posted by: Peter Gutmann at April 26, 2006 03:01 AM

Thanks ... I've fixed them up I think ... but readers should check these numbers before relying on them for a BP.

Posted by: Iang at April 26, 2006 03:35 AM
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