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Rising Internet Credit Card Fraud

Posted: 16th Mar, 2004 By: MarkJ
The Association of Payment Clearing Services (Apacs) has reported that online (Internet) credit card fraud has seen a 68% increase from £28m in 2002 to £45m last year:

64% of the e-commerce losses are at UK merchants (£28.8m) while online gambling proved to be the biggest losing sector with figures reaching £6.9m.

All cases of CNP fraud, including transactions made by phone, fax and mail order as well as over the internet, went up six per cent to £116.4m over the same period.


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