Keyfuels is urging businesses to improve their fleet security as the cost of fuel card fraud rises to £40 million a year. The warning came to light in the Car Crime Awareness Week to raise awareness of car crime. Fuel card fraud has soared by more than 6 per cent over the past two years, claiming an extra 3 million victims.
Keyfuels has developed security systems to prevent fleet businesses falling victim to card fraud including online authorisation technology. This captures fuel card data in real time, 24/7, so any irregular transactions are highlighted straight away and fleet managers can act quickly.
Peter Bridgen, managing director of Keyfuels, said:
“Fleet managers should ensure their fuel cards have the necessary security features or fraud could end up costing their business a great deal of money. Sadly fuel card crime is on the rise and fleet businesses need to take extra precautions to ensure they don’t end up becoming a victim. Keyfuels fuel cards have a number of security features which flag up irregular fuel transactions as they happen, so the customer is not waiting 2-3 days before they’re made aware of fraudulent use.”
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