Fraud from stolen bank cards highest since 2006

“Consumers are being warned about a series of bank card scams, after fraud from stolen cards rose to its highest level in eight years.  Cards that were lost or stolen in the UK resulted in losses of £58.9m last year, the largest figure since 2006.  Losses from all types of card fraud rose by 16% in 2013, to £450m.  The UK Cards Association, which produced the figures, highlighted ‘distraction’ thefts of cards as a particular problem.  It warned that consumers are frequently being targeted while using their cards in shops or bars, or at cash points.  Typically they will have a bit of paper thrust in front of them, asking for directions. While they are distracted, the criminal will steal their card.”

http://www.bbc.com/news/business-26576479

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