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Fraud from Stolen Bank Cards Highest Since 2006

Fraud from Stolen Bank Cards Highest Since 2006

Consumers are being warned about a series of bank card scams after fraud stolen from cards rose to the highest level in eight years.

Last year, the UK experienced losses of £58.9m from cards that were stolen or lost.

The UK Cards Association said customers are being distracted while using cash points, and warned that consumers are frequently being targeted while using their cards in shops or bars.

Telephone and internet fraud rose by 22% last year to £301.1m, and now represents three-quarters of all card fraud.

The UK Cards Association said this was due to the huge growth in online shopping, with the UK now Europe's leading online retail economy.


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