Fraud losses RSS
UK Finance has released its latest fraud report covering H1 2022. The report shows that while the end of the pandemic has seen a fall in overall fraud losses, some... read more
The post UK Fraud report: H1 2022 sees decline in fraud of 13% appeared first on Payments Cards & Mobile.
The ‘return to normal’ from the pandemic in 2021 was uneven across the continent due to variances in vaccine rollout, resurgence of Covid infections, and policies regarding retail, travel and... read more
The post Report: Majority of countries have experienced increases in fraud losses appeared first on Payments Cards & Mobile.
Fraud losses on UK-issued cards totalled £671.4 million in 2018, a 19% increase from £565.4 million in 2017. At the same time, total spending on all debit and credit cards... more
The post Fraud Report: losses on UK-issued cards totalled £671.4 million in 2018 appeared first on Payments Cards & Mobile.
Statistics by Financial Fraud Action (FFA) UK show fraud losses on UK payment cards totalled £567.5 million in 2015, representing an 18% increase from £479 million one year before. Significantly, total of £843.6 million of attempted card fraud was actually prevented by banks and card companies, which is the equivalent to £6 in every £10 of [...]
The post UK payment cards annual fraud losses hit £567.5 million appeared first on Payments Cards & Mobile.
Fraud losses are at record levels worldwide. Card fraud worldwide grew 19 percent last year compared to card sales which grew only 15%, according to figures released by the Nilson Report. Global card fraud losses topped $16.3 billion in 2014 against global sales of $28.8 trillion. Fraudulent sales accounted for 5.65 cents in every $100 [...]