UK is crowned card fraud capital of Europe

Economy
By Liam

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UK is crowned card fraud capital of Europe with Britons almost nine time as likely to be scammed than Germans

  • There were 134 cases of card fraud per 1,000 people in the UK
  • This was 19 more than France and 119 more than in Germany 
  • The average card fraud is costing us £8,833.20 

By Money Mail Reporter

Published: 00:40 BST, 3 August 2022 | Updated: 09:10 BST, 3 August 2022

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The UK has been crowned the card fraud capital of Europe, with Britons almost nine times as likely to be scam victims than their German neighbours.

There were 134 cases of card fraud per 1,000 people in the UK, according to think-tank the Social Market Foundation.

This was 19 more than France and 119 more than in Germany.

The average card fraud cost Brits £8,833.20 — nearly £3,000 more than closest rival France

The average card fraud cost Brits £8,833.20 — nearly £3,000 more than closest rival France

The amount stolen was also much higher than in other European nations, with the average card fraud costing us £8,833.20 — nearly £3,000 more than closest rival France and almost £8,000 more than Italy. 

The Mail revealed in June how Britain has become the global capital of fraud, with losses of almost £3billion a year.

The costs per person in the UK are far higher than in other leading Western economies, including the United States, Canada and Australia.

Our Stop the Scammers campaign is calling for a major overhaul to the system, starting with the appointment of a minister for fraud.

moneymail@dailymail.co.uk

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