Data on the annual value of fraud losses at cash machines in the United Kingdom (UK) from 2003 to 2020 shows that the highest value of fraud losses at cash machines was found in 2004, when losses amounting to 74.6 million British pounds were recorded, while in 2020, the value amounted to 28.1 million British pounds. Fraud losses at cash machines includes both fraud that takes place at cash machines on stolen cards or where a card account has been taken over by a fraudster, in all cases the fraudster would need the PIN number. The three methods used to commit fraud at cash machines are through card-trapping devices, by skimming, or by shoulder surfing.
Value of annual fraud losses at cash machines in the United Kingdom (UK) from 2003 to 2020
(in million GBP)
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Value in million GBP
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UK Finance. (March 24, 2021). Value of annual fraud losses at cash machines in the United Kingdom (UK) from 2003 to 2020 (in million GBP) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/326190/uk-fraud-losses-cash-machines-plastic-cards/
UK Finance. "Value of annual fraud losses at cash machines in the United Kingdom (UK) from 2003 to 2020 (in million GBP)." Chart. March 24, 2021. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/326190/uk-fraud-losses-cash-machines-plastic-cards/
UK Finance. (2021). Value of annual fraud losses at cash machines in the United Kingdom (UK) from 2003 to 2020 (in million GBP). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/326190/uk-fraud-losses-cash-machines-plastic-cards/
UK Finance. "Value of Annual Fraud Losses at Cash Machines in The United Kingdom (Uk) from 2003 to 2020 (in Million Gbp)." Statista, Statista Inc., 24 Mar 2021, https://www.statista.com/statistics/326190/uk-fraud-losses-cash-machines-plastic-cards/
UK Finance, Value of annual fraud losses at cash machines in the United Kingdom (UK) from 2003 to 2020 (in million GBP) Statista, https://www.statista.com/statistics/326190/uk-fraud-losses-cash-machines-plastic-cards/ (last visited August 25, 2024)
Value of annual fraud losses at cash machines in the United Kingdom (UK) from 2003 to 2020 (in million GBP) [Graph], UK Finance, March 24, 2021. [Online]. Available: https://www.statista.com/statistics/326190/uk-fraud-losses-cash-machines-plastic-cards/