Card Fraud

Payment fraud prevention is an increasingly complicated and constantly evolving business. Issuers and merchants everywhere are being challenged by a growing variety of payment methods, which are fuelling the rise of ever-more sophisticated card fraud techniques, observes Sune Gabelgård. Despite awareness of the scale of…

Analytics software firm FICO has released its annual interactive European Fraud Map, which shows that the UK’s card fraud losses hit a record £671 million in 2018. The data from Euromonitor International and UK Finance compares these losses against previous years and 18 other European…

The finance industry prevented £820 million of unauthorised fraud in the first half of 2019, which is up 14% on the previous year. That’s according to the latest figures from UK Finance. This is equivalent to £2 in every £3 of attempted unauthorised fraud being…

Cifas, the UK’s fraud prevention service, has painted an alarming picture of fraud in the UK with the release of Fraudscape, the annual publication of the organisation’s data that identifies and analyses the country’s fraud trends based on 323,660 cases of fraudulent conduct recorded in 2018.…

New data from UK Finance shows that a total of £503.4 million was stolen by criminals through authorised and unauthorised fraud in the first six months of 2018. During the same period, the finance industry prevented £705.7 million of unauthorised fraud. That’s equivalent to £2 in…

Financial fraud losses of £366.4 million in the first half of 2017 were 8% lower year-on-year, figures from UK Finance have revealed. The data, which covers payment cards, remote banking and cheques, also highlights that the industry prevented over £750 million of fraud during the…

Analytic software firm FICO has released an interactive map of European card fraud which shows that card fraud losses for 19 European countries hit approximately €1.8 billion in 2016, representing a new high. The UK witnessed the highest losses at £618 million (representing a 9%…

Alongside LINK, the UK’s cash machine network, Crimestoppers has reaffirmed its commitment to combating physical attacks on ATMs and card fraud by renewing the two organisations’ dedicated crime-fighting partnership for a ninth straight year. The partnership began back in 2008 and, since that time, has led…

The latest Crime Survey for England and Wales issued by the Office for National Statistics for the year ending September 2014 shows that, for the offences covered, there were an estimated seven million incidents of criminality perpetrated against households and resident adults (aged 16 and over)…