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Value of annual fraud losses at cash machines in the United Kingdom (UK) from 2003 to 2020 (in million GBP)

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Source

Release date

March 2021

Region

United Kingdom

Survey time period

2003 to 2020

Supplementary notes

Data for earlier years is published by UK Cards Association .

Citation formats

UK debit & credit cards: fraud losses at cash machines 2003-2020

Published by D. Clark, Mar 24, 2021
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 **** million British pounds were recorded, while in 2020, the value amounted to **** 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.
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