Payment card fraud rises 24% to €25m
Figures published by the Irish Payment Services Organisation show the gross value of payment card fraud in Ireland soared by more than 24% in 2011.
The sharp rise was largely attributable to the value of debit card fraud, which more than doubled last year to €9.4m. Credit card fraud accounted for €14.3m of all fraudulent transactions, while €2m was lost through criminal use of ATM cards.
