Card fraud hits 1 in 4 Britons

29 January 2009

Over one-quarter of Britons have been the victims of credit or debit card fraud, with instances of the crime in London up ten per cent in a year, a new report has found.

The survey by life assistance group CPP found that 26 per cent of respondents have had their card used by fraudsters, up five per cent from a year ago.

Consumers lost an average of £650 to fraudulent transactions, with six per cent saying their losses topped £2,000.

Around 40 per cent of card fraud victims had their details used online, while another 21 per cent said their cards had been cloned when they used a cash machine or chip-and-pin machine.

Cardiff, Manchester and Brighton were the locations with the highest instances of card fraud behind the capital, the report added.

Kerry D'Souza of CPP said: "Fraudsters are becoming increasingly sophisticated, especially when it comes to online transactions which are a particular cause for concern."

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