A UK Finance report has found that overall fraud rates reported by its members decreased by 4% in 2023, after reaching over £1.2 billion ($1.52 billion) in 2022.
While card ID theft increased 53% to £79.1m ($100m), the overall figure was brought down by banks’ prevention of £1.25 billion ($1.58 billion) worth of fraud. In
Losses due to
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