In 2009, financial institutions in the United Kingdom lost $121.3 Million (80.9 Million British Pounds) to counterfeit credit cards. The losses were down from the $280 Million (169 Million British Pounds) that were lost in 2008.

Source: Jeremy Kirk, “Counterfeit Card Fraud Drops by Half in the UK,” PC World, March 10, 2010.

In 2009, the South African Banking Risk Information Centre reported that losses from counterfeit credit cards rose 22 percent to cause $19 Million (144 Million South African Rand) in losses.

Source: By Sapa, “Credit card fraud hits banking,” Times Live, November 23, 2009.

Based on various sources, Havocscope has calculated the total losses to counterfeit credit and debit cards.

Current Losses: $825.05 Million.

Sources and Breakdown:

United States: $127.75 Million. Source: “Ki Mae Heussner, “ATM Skimming 101: How to Keep Safe,” ABC News, April 27, 2009.

United Kingdom: $121.3 Million (80.9 Million British Pounds). Source: Counterfeit Credit Card losses in the UK drops by half.

Germany: $56 Million (40 Million Euros). Source:  “Cards Stacked Against Counterfeiters,” Press Release, Bayer MaterialScience, June 2009.

Canada: $470 Million ($511.5 Canadian). Source: Royal Canadian Mounted Police, “Counterfeit Bank Notes and Documents: Quick Facts,: August 13, 2007. Accessed: August 12, 2009.

Australia: $50 Million ($60 Australian). Source:  Model Criminal Code Officers Committee, “Chapter 3: Credit Card Skimming Offenses,” February 2006. Accessed: August 12, 2009 through Google Cache.