UK tops Europe for card fraud

UK tops Europe for card fraud

The UK has been branded the card fraud capital of Europe after research conducted by European Security Transport Association (Esta) found that one in five British adults has been targeted by fraudsters.

The survey found that that nearly 20% of the UK adult population had been targeted by a credit or debit card scam.

British adults are almost twice at risk of falling victim to the fraud compared to adults in seven other European countries.

Overall 11% of the European citizens surveyed said they had been hit by card fraud, translating to around 22 million people.

As a result of card fraud, a third of victims across Europe said they favoured cash as a main payment method, says Esta.

The report claims that almost a quarter of UK customers returned to using cash as their preferred method of payment after falling victim to card fraud.

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