Fraud losses on UK credit and debit cards fell to the lowest level for a decade in 2010 as awareness of the issue increased. The amount lost still reached £365.4m, but this was 17% lower than the previous year, the UK Cards Association said. The biggest drop was in the amount lost through cloned or skimmed cards, which fell by 41%.
Tuesday, March 8, 2011
UK Credit and debit card fraud 'falls to 10-year low'
Fraud losses on UK credit and debit cards fell to the lowest level for a decade in 2010 as awareness of the issue increased. The amount lost still reached £365.4m, but this was 17% lower than the previous year, the UK Cards Association said. The biggest drop was in the amount lost through cloned or skimmed cards, which fell by 41%.
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