Got a bit of post today. I looked at it, and thought “Junkmail”, no return address, plain “fake handwritten” manilla envelope… and opened it anyway.
Inside was a pair of cards either side of another envelope. The card said “FRAUD OPERATIONS DEPARTMENT” and so I opened this second envelope. Inside was a new credit card.
Seems like the change in the UK law that basically ensures that no-one will ever be caught for card fraud again has had an effect on the banks!
Not to get too political, but the government, in it’s infinite monkeys & typewriters kind of way of making laws, snuck through a law that says that the banks are now responsible for investigating credit card & cheque fraud. (That this started on April 1st is no surprise) Now, for many years it has been noted that banks and other financial institutions are very prone to under-reporting these things, and even getting in the way of the police investigations when the outcome would upset the shareholders.
Expect to see and hear the government take credit for a huge drop in reported card crime, and soon! Some will be due to the banks tightening things up, but mostly it will be sudden and massive underreporting of one of the most prevalent crimes in the UK.