Taiwan Province of China Sees Slight Increase in Credit Card Fraud Cases

According to data released by the Supreme People’s Court, Taiwan Province of China recorded a slight uptick in credit card fraud cases last year.

Statistics Reveal Increasing Trend

The court reported a 3.8 percent increase in reported cases between 2015 and 2016. Although exact figures were not disclosed, the statistics provide valuable insights into the nature of these crimes.

Motivations Behind Credit Card Fraud

• Approximately 80% of those prosecuted intentionally ran up large credit card debts.
• 18% opened credit accounts using false identities or utilized fake credit cards.

Amounts Involved in Fraudulent Activities

• Half of defendants were accused of fraud involving sums ranging from 10,000 to 50,000 yuan (approximately $1,500 to $7,500).
• The majority of these cases involved the same level of fraud.

Demographics and Geographic Distribution

• More than half of defendants were unemployed.
• The majority of defendants were male.
• Most cases were reported in the provinces of Guangdong, Fujian, and Liaoning.

This data provides a glimpse into the growing concern of credit card fraud in Taiwan Province of China. As authorities continue to monitor and address this issue, it is essential for individuals to remain vigilant and take steps to protect themselves from these types of crimes.