Fraud in credit cards fall 26% since 2008
The card fraud losses dropping 26% from £609.9m in 2008, the time when fraud was at its height, to £450.4m in 2013.
The Financial Fraud Action UK (FFA UK) is an organisation which lead the fight against the financial fraud in the UK.
Sponsored by the UK Cards Association for its attempts to prevent fraud on credit and debit cards, the FFA UK work undertaken by the industry, over the last decade, in putting in place prevention, detection, and enhanced security measures. And its results of his work has the results of the last report of the organisation ‘Fraud: The Facts 2014”, which showed a fall of the 26 per cent in the card fraud since 2008 in the UK.