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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