Credit card fraud has reached 500 million despite the introduction of new controls. Figures show that losses to fraud rose by 20 per cent last year. Most frauds result from cards intercepted in the post. One hundred thousand cards were posted to customers every day last year. This represents rich pickings for fraudsters. The banks knew the year would be difficult because it was thought that fraudsters would try to commit as many crimes as possible before new controls were introduced. It is hoped that this time next year the effect of the new measures will be known and that the level of fraud will have fallen considerably.
Question: Credit card fraud committed as a result of cards intercepted through the post has reached 500 million.
Options:
A. true
B. false
C. uncertain
Answer: B