The latest figures from payments association Apacs show a steep rise in credit card fraud committed overseas using UK-issued cards, and holidaymakers are being warned to keep a close eye on their plastic.

A total of £118.2m of such overseas fraud was committed last year, which represented a rise of £36 over the year before.

The increase is in part down to the increasing willingness of cardholders to use their debit and credit cards abroad, with £23bn being spent last year.

The top 3 fraud hotspots are reported as the USA (£16.7m), France (£7.5m) and Spain (£6.7m), although the latter two countries have plans to introduce Chip and PIN technology which is expected to bring the fraud levels down significantly.

This entry was posted on Thursday, July 19th, 2007 at 12:17 pm and is filed under Card Fraud. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.