Card fraud soars by 25% as banks lose £535m
Card fraud soared by 25% last year as £535m were stolen from bank accounts and credit cards
In total, £90.5m was stolen by foreigners from British accounts, the bulk of
which were overseas fraudulent transactions in the US, where ¬Britons were
robbed of £24.6m.
Martyn Hocking, editor of
Money, said the increase was largely the result of a 77% rise in fraud
carried out while Britons were abroad.
There was a growth of just 5% in fraudulent transactions at home, following
the launch of chip and Pin, Metro.co.uk reports.
This was followed by Italy (£9.6m), Australia (£8.2m), France (£7.3m) and