Fraudsters resort to debit and credit card snatching

Julia Kollewe
credit card
credit card

AFP/Getty Images

Fraudsters are resorting to the rather basic method of grabbing debit and credit cards from people when they are paying in shops or withdrawing money at cashpoints, as the payments industry gets better at thwarting hi-tech crimes.

Overall, fraud losses on UK credit and debit cards fell by 9% in the first half of the year compared with the same period in 2010, according to the UK Cards Association. But this decline masked an increase in 'snatch-and-run' crime.