Figures published by the payments industry in October 2009 showed that card fraud losses overall fell by 23 per cent. to £232.8 million in the first half of 2009 compared with the same period in 2008.
The Home Office continues to work closely with the payments industry and supports industry initiatives to help prevent card fraud such as Verified by Visa and Mastercard Secure Code, and the Be Card Smart Online Campaign.
The Home Office actively supports the Dedicated Cheque and Plastic Crime Unit, a specialist police unit funded by the payments industry which investigates cheque and plastic card fraud where there is an element of organised criminal activity, and provides additional funds to the City of London Police to take on a lead force role in the investigation of serious and organised fraud. In addition the Home Office and the Metropolitan Police have made provision to establish a national police e-crime unit which has been set up to co-ordinate the law enforcement approach to all types of e-crime, including fraud.