New Card and Banking Fraud Figures 2010
UK Cards Association Report
Article posted on 31 Jul 2010
Summary: This report shows that total fraud losses on UK cards fell by 28 per cent between 2008 and 2009 to £440.3 million – a decrease of £170 million on the previous year’s total. The combined force of industry initiatives such as: chip and PIN; the increasing use of sophisticated fraud detection tools by banks and retailers; and the work of the DCPCU[1], the banking-sponsored special police unit, have all helped contribute to this fall.
Topics: Fraud
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