• Contact
  • Feedback
Banking Day
Stay Ahead. Stay Informed.
Concise. Candid. Provocative.
Get the daily banking news that matters
Banking Day – Your trusted source for independent financial insights.
Subscribe Now
  • News
  • Topics
    • All Topics
    • Briefs
    • Major Banks
    • Authorised deposit-taking institutions
    • Insurance, funds and super
    • Payments, mobile & wallets
    • Consumer lending
    • Mortgages
    • Business lending
    • Finance regulation
    • Debt capital markets
    • Ratings agencies
    • Equity capital markets
    • Professional services
    • Work & career
    • Foreign news
    • Other topics
  • Free Trial
  • Subscribe
  • Resources
    • Industry events
  • About us
    • About Banking Day
    • Advertise
    • Feedback
    • Contact Banking Day
  • Search
  • Login
  • My account
    • Account settings
    • User Admin
    • Logout

Login or request a free trial

Card fraud victim rates rise

24 March 2022 6:18AM

An estimated 6.9 per cent of Australians aged 15 and over experienced card fraud in the 2020/21 financial year, making it the most common type of fraud. The latest Australian Bureau of Statistics fraud data show an increase in card fraud from 5.9 per cent in 2014/15. Other common types of fraud include scams, experienced by 3.6 per cent of people in 2020/21, and identity theft, experienced by 0.8 per cent. Overall, the victimisation rate of personal fraud rose from 8.5 per cent in 2014/15 to 11 per cent in 2020/21. Card fraud victims were concentrated in the 35 to 44 and 45 to 54 age brackets, where the victimisation rates were 9.1 per cent and 9 per cent respectively. One-third of victims said their card details were obtained via the internet and 15 per cent said card details were copied during use. A large proportion had no idea how their personal details were obtained. The ABS defines card fraud as the use of credit or debit card details to make purchases or withdraw cash without the account owner’s permission. The ABS said one significant change since the 2014/15 survey is the number of people who report that they are victims of fraud. In 2020/21, 95 per cent of people who experienced card fraud reported it to a bank, credit card issuer, police or other authority, compared with 50 per cent in 2014/15.

I'm a returning subscriber

*
Password reset *
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day
Stay Ahead. Stay Informed.
Concise. Candid. Provocative.
Get the daily banking news that matters
Banking Day – Your trusted source for independent financial insights.
Subscribe Now

Consumer lending

  • Latitude, Harvey Norman liable for interest free GO card con

Copyright © WorkDay Media 2003-2025.

Banking Day is a WorkDay Media publication

WorkDay Media Unit Trust

  • Privacy policy
  • Terms of access and use