HC Deb 06 May 2004 vol 420 c1729W
Malcolm Bruce

To ask the Secretary of State for Trade and Industry what the estimated cost of internet fraud has been to United Kingdom(a) consumers and (b) businesses in each of the last five years. [169376]

Ms Blears

I have been asked to reply.

The Government do not collect figures on the cost of credit card fraud. The Association for Payment Clearing Services (APACS) has estimated the total cost of losses due to fraudulent possession of card details (card-not-present fraud), which includes internet fraud, over the last five years is as follows:

2003 116.4
2002 110.1
2001 95.7
2000 72.9
1999 29.3

Specific figures for costs to consumers or businesses are not available.

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