Fraud on UK-issued debit and credit card debts dropped by nearly a quarter during the first half of 2009, according to industry body Financial Fraud Action UK.
The figures show a fall of 23 per cent to £232.8 million in credit card fraud over the first six months of the year, good news for those with high interest credit cards and other forms of plastic.
Of this figure, cloning of credit cards was down by £1.7 million and card-not-present fraud decreased by £29.9 million, highlighting the initiatives in place, such as the Chip and PIN system, to stop high interest credit card users becoming victims.
Credit card fraud may be down because criminals find it more difficult to carry out their crimes because of the security measures in place, suggests Katy Worobec, head of fraud control at the body.
"These latest fraud figures are good news but we know there’s no room for complacency," she added.
Recent figures from CIFAS, the UK fraud prevention service, also suggest that consumers are doing more to protect themselves from identity theft.
