Data on the total annual value of losses on card-not present (CNP) fraud for debit and credit cards issued in the United Kingdom (UK) from 2002 to 2020 shows that the total annual value of losses on card not present fraud for UK debit and credit cards increased with fluctuation during the period under observation, reaching a value of 452.6 million British pounds in 2020. The smallest value of losses for card-not present fraud occurred in 2002, when fraud losses amounting to 110.1 million British pounds were recorded.
Value of annual losses on "Card-not present" fraud on UK-issued debit and credit cards in the United Kingdom (UK) from 2002 to 2020
(in million GBP)
*The vast majority of this type of fraud involves the use of card details that have been fraudulently obtained through methods such as skimming, hacking into retailers’ data connections, or through unsolicited emails or telephone calls. The card details are then used to undertake fraudulent purchases over the Internet, phone or by mail order.
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UK Finance. (March 24, 2021). Value of annual losses on "Card-not present" fraud on UK-issued debit and credit cards in the United Kingdom (UK) from 2002 to 2020 (in million GBP) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/286245/united-kingdom-uk-card-not-present-fraud-losses/
UK Finance. "Value of annual losses on "Card-not present" fraud on UK-issued debit and credit cards in the United Kingdom (UK) from 2002 to 2020 (in million GBP)." Chart. March 24, 2021. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/286245/united-kingdom-uk-card-not-present-fraud-losses/
UK Finance. (2021). Value of annual losses on "Card-not present" fraud on UK-issued debit and credit cards in the United Kingdom (UK) from 2002 to 2020 (in million GBP). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/286245/united-kingdom-uk-card-not-present-fraud-losses/
UK Finance. "Value of Annual Losses on "Card-not Present" Fraud on Uk-issued Debit and Credit Cards in The United Kingdom (Uk) from 2002 to 2020 (in Million Gbp)." Statista, Statista Inc., 24 Mar 2021, https://www.statista.com/statistics/286245/united-kingdom-uk-card-not-present-fraud-losses/
UK Finance, Value of annual losses on "Card-not present" fraud on UK-issued debit and credit cards in the United Kingdom (UK) from 2002 to 2020 (in million GBP) Statista, https://www.statista.com/statistics/286245/united-kingdom-uk-card-not-present-fraud-losses/ (last visited November 21, 2024)
Value of annual losses on "Card-not present" fraud on UK-issued debit and credit cards in the United Kingdom (UK) from 2002 to 2020 (in million GBP) [Graph], UK Finance, March 24, 2021. [Online]. Available: https://www.statista.com/statistics/286245/united-kingdom-uk-card-not-present-fraud-losses/
