Online Payment Scams Growing in Europe According to EU Report

As the Internet increases in range and wealth of business opportunities, so do criminals up their efforts to develop more sophisticated and effective ways to scam online. Net credit card fraud is growing in Europe, according to an official European Commission report on the web sector, called "Report on fraud regarding non cash means of payments in the EU: the implementation of the 2004-2007 EU Action Plan.? The report sums up the problem, saying: ?Fraud against means of payment (payment fraud) remains a threat to the success of the internal market for payments. Payment fraud affects the consumer confidence in non-cash means of payment and ultimately the real economy.?

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