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UK card fraud reaches 478.8 mln pounds a year

Apacs revealed that total card fraud rose by 18% to 478.8 mln pounds Between June 2003 and June 2004.

Apacs revealed that total card fraud rose by 18% to 478.8 mln pounds Between June 2003 and June 2004. The 28.1 mln pounds increase in fraudulent cash machine withdrawals accounts for a major portion of the overall rise in fraud. In total, cardholders withdraw 144 bln pounds from cash machines in the UK each year.