Credit cards
Media playback is unsupported on your device

Credit and debit card fraud losses have fallen

The amount of money lost to credit and debit card fraud has fallen to £340m, its lowest level in 11 years.

One of the biggest factors was a 41% fall in fraudsters impersonating people to obtain or use credit cards.

Research by Financial Fraud Action UK shows online banking fraud losses were also significantly down last year.

BBC Radio 5 live Wake Up To Money spoke to Sandra Quinn from the UK Payment Council.

To hear other 5 live interviews, please visit the best bits page.

  • 07 Mar 2012