Rampant fraud forces 5m shoppers to cancel credit cards

Rampant online fraud has forced close to 5m UK shoppers to cancel their bank cards last year alone according to a new study which revealed that a tenth of the adult population have replaced a credit or debit card after falling victim to cyberattacks.
Average losses per attack stand at £475, generating losses of some £2bn per year to the banks – although not every card will have been reissued as the result of a tangible loss as cards must also be replaced when an account number