Counterfeit Credit Card losses in UK drops by half

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.

(Impact of counterfeit money to the financial system.)

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