All All Industry Insights Industry News Media Release Member Only Articles NRA Events NRA Legal NRA Partners NRA Projects NRA Training and Development Policy & Advocacy Policy Updates Technology Tenancy & Leasing Testimonials Thought Leaders Weekly CEO Update WHS Update

The hacker’s shopping list

February 23, 2017

Despite growing awareness of cyber-crime and cyber-security, credit card fraud is on the rise in Australia with 19 per cent of Australians reporting they have experienced it, the third highest incidence in the world behind the US and Canada. 

According to the 2016 Norton Cyber Security Insights Report, 13 per cent of Australians reported experiencing credit card fraud in 2015, while this jumped 6 per cent in 2016.

In 2016, 689 million people experienced cybercrime across 21 countries, with cybercrime victims spending $126 billion dealing with cybercrime.

The report found that while hackers were honing their skills, consumers were still somewhat complacent, continuing unsafe behaviours such as sharing passwords, opening unsolicited emails and using unprotected wifi.

According to recent analysis by payments firm, ACI Worldwide, the average price of an attempted fraud transaction in 2016 was $220.

Erika Dietrich, ACI’s global director of payments management, said that fraudsters buy popular, branded merchandise that they can quickly turn around and sell on the black market at a discount.

“I think the products that they buy are really driven by what is going on in the marketplace,” she says.

credit card fraud

Here are the top 8 items most frequently purchased with stolen credit card details: 

  1. Activity trackers eg. FitBit Charge
  2. Smartphones and tablets eg. Apple iPhones, Apple iPads
  3. Makeup
  4. Coffee makers
  5. Slippers eg. UGG Classic Slipper
  6. Gym shoes eg. Nike Air Jordan
  7. Vacuum cleaners eg. Dyson, Shark Navigator
  8. Electric toothbrushes




Source: http://www.bankrate.com/finance/credit-cards/most-popular-things-bought-with-stolen-credit-card-11.aspx

NRA Media

  • National Retail Association strengthens support for members on leasing and tenancy
    June 01, 2021

    We are pleased to have strengthened our partnership with Lpc Cresa, a leading advisor to retail tenants across Australia and New Zealand, to assist our…

    Read More
    September 03, 2018

    To download the nomination form, click here

    Read More
  • Closing Loopholes Bill No. 2 passes Parliament 
    February 20, 2024

    Earlier this month, it was confirmed that both Houses of Parliament passed the second tranche of amendments to the Fair Work Act 2009 (Cth) under…

    Read More
  • Jump start your business for 2021 and step ahead of the competition
    November 20, 2020

    2020 has undoubtedly been one of the most challenging years for all of us. It has created unprecedented trends in every industry, and shown retailers…

    Read More
  • NRA members winners in new partnership with Aussie Broadband
    November 16, 2020

    You must be logged in to view this content.

    Read More

What our clients say

Want to chat?
Contact our team today!