Credit card fraud on the rise

Published on 1 January 1970 by Raffick Marday

Credit card fraud on the riseCredit and debit card owners are experiencing more fraud misery than this time last year, according to official figures.

The Home Office’s British Crime Survey for 2008/2009 shows that 6.4 per cent of card owners knew about their card being stolen or cloned, up nearly a third from 4.7 per cent the previous year.

More people are worried about this happening to them too. Over half (53 per cent) of credit card owners were concerned about becoming victims of fraud, compared to 14 per cent of people being worried about violent crime.

With this in mind, many people are taking measures to help prevent them suffering from credit card fraud.

Nearly 4 out of 5 (78 per cent) regularly destroy financial documents to prevent details from being stolen, whilst more than three quarters (76 per cent) regularly check their statements for unusual activity.


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