UK credit card fraud down to £209.3m

Tuesday, 7 November 2006, 12:18 PM EST

Card fraud losses fell by 5 per cent in first six months of 2006, according to the latest figures from banking association APACS. Total fraudulent losses fell from £219.5m to £209.3m over the first six month of 2006, a decline APACS attributes to the introduction of chip and PIN.

However it's not all good news. Internet, phone and mail order fraud increased over the period, albeit at a slower rate than seen previously.

At The Register.

[ Read more ]




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