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Evening Standard
Evening Standard
Vicky Shaw

Card fraud rates ‘often spike around now as shoppers prepare for Christmas’

Cifas Ireland
Cifas members reported more than 74,000 cases of account takeover fraud in 2024 (David Jones/PA) - (PA Archive)

Card fraud rates tend to spike in the months of November and December, data company Experian and fraud prevention service Cifas are warning.

Potentially fraudulent savings account openings have also been on the increase, with much of this driven by AI (artificial intelligence) generated identities as criminals use accounts to house stolen or laundered money.

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