Fraudsters are continuing their switch from traditional card fraud to raiding online bank accounts, according to new research. Fraud losses on UK credit and debit cards totalled £440m in 2009 - a drop of 28% compared with the previous year - the UK Cards Association said. But the number of "phishing" attacks rose by 16% in the same period. This is when fraudsters trick people into entering their personal details on a website or in an e-mail.

Overall losses from card fraud fell last year. Chip-and-pin was highlighted as the major factor behind an 11% fall in fraud on lost and stolen cards - now at its lowest for two decades.

(Source: BBC)

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