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Payment protecton: Credit card fraud 'not going away'

Despite a reduction in the number of credit card fraud cases, the problem is not going away.

That is according to Mark Bowerman, a spokesman for the UK Cards Association, the leading trade association for the cards industry in the UK.

Mr Bowerman claims that consumers must take a number of measures to help prevent them being a victim of credit card fraud.

He said: "It's going down, but it's not going away. We still need to make sure that we are playing our part in tackling it.

"Consumers should ... check their bank and card statements regularly and thoroughly and notify their bank or card company if they find any unfamiliar transactions."

His comments follow the release of the annual Card Fraud Index from CPP, which revealed that a quarter of adults are still affected by card fraud.

In 2010, seven per cent of people said that they had suffered from card fraud in the last 12 months, a drop of three per cent compared to the year before.

Samantha Clarke

Samantha is a former banking assistant and has over ten years experience in retail banking.

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