Credit card fraud levels rise due to children's activities

News by SC Staff

Over a million children in the UK are fraudulently shopping online.

Over a million children in the UK are fraudulently shopping online.

 

According to research by CPP, one in five under 16s regularly use their parents' credit cards to shop online. The survey revealed that 15-year-old boys are the worst offenders, with one in ten making an illicit purchase every month, while one in 20 children pay out between £75 and £150 each time.

 

Around 70 per cent of children know the sites where their parents shop, one in five the passwords and usernames for their online shopping accounts and more than a quarter claim that their mums and dads simply do not know how easy it is for them to use their bank cards on the internet.

 

Michael Lynch, identity theft expert at CPP, said: “We are urging parents to be very vigilant with their bank card details, which may check any illicit temptation to shop online. Being lax with details online could not only tempt children into making sneaky purchases online, but also exposes parents to the dangers of online fraud.

 

“Web fraudsters are getting increasingly sophisticated, and card-not-present fraud is on the rise. We are advising people to make sure they log out of sites when finished, to check that shopping websites are legitimate and to avoid storing credit or debit card details online.”

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