Norwegians short defrauded of 164 million – NRK

– It’s a pretty dramatic increase, although figures in themselves are not that big, so it is a worrying development, says section chief Olav Johannessen FSA NRK.

– Card fraud takes place mostly in abroad. There are few Norwegian sites that are prone to fraud, says Olav Johannessen Finance Authority.

Photo: CF WESENBERG / FSA

In 2014 was in excess of 38,000 Norwegian short defrauded, against 22,500 years before. Card fraud amounted to a total loss of 164 million, NOK 24 million more than the year before, the report from the FSA.

– Almost half of the losses caused by that someone has stolen card information. It may be that your card is stolen when you’re traveling, but mostly it is about the theft of card information from online shopping sites that have been hacked, says Johannessen.

Brief information can example abused other sites again to buy goods and services that thieves can resell and make money.

– Criminals have seen that burglary from unsafe websites are a convenient way to obtain large amounts of card information and thus money, explaining Johannessen.

– Basic concern

Card fraud takes place mostly abroad. There are few Norwegian sites that are prone to fraud.

Johannessen emphasized that fraud proportion overall constitute only 0.1 percent of all trading is done on the internet with Norwegian cards.

– fraud size in relation to the use of cards as payment is not dramatic, but when we see a trend with a tripling in fraud with stolen card information within three years, it is cause for concern.

– If the trend continues, the amounts become quite significant.

– Consumers who receive bill finally

FSA says it is difficult for consumers to be cautious enough in the use of electronic solutions, but that it is important to check whether the sites have safe payment.

– Are Norwegians naive when it comes to pay by card online?

– It may be, but I do not think they are more naive than consumers in other countries.

Banks replaces money in most cases of abuse, but Johannessen points out that it is consumers who ultimately gets seated bill in the form of bank card companies and e-commerce sites must retaliate loss in higher prices.