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Card Fraud - Facts & Figures
- Total card fraud in the UK reached £439.4m in 2005 - a reduction of 13% on the
previous year
- Around £1.2m is lost to card fraudsters every day
- An incidence of card fraud takes place on average every 9 seconds in the UK
- One in every 3 people has been a victim of card fraud
- Fraud on lost or stolen cards totalled £89m in 2005 and counterfeit card fraud
£96.8m. These two types of fraud, accounting for just less than half of the UK
total, are being tackled head on by Chip and PIN
- The biggest fraud type in the UK occurs when a bank card is not present during the transaction such as internet, telephone or mail order purchases. In 2005 this cost £183.2 million.
Sources:
- Total card fraud in the UK reached £439.4m in 2005 - a reduction of 13% on the
previous year