Speaking on the programme, James Brokenshire, e-crime spokesman for the Conservatives, said: "With one in three people being the victim of credit card fraud, it is essential that there is no reduction in reporting or any suggestion that this type of crime is being downgraded, especially if this is to bring down reported crime levels."
However, with around £430 million having been lost as result of credit card fraud last year, the UK Payments Association has confirmed that it will continue to keep comprehensive data on all card crime, which will contribute to future Home Office statistics and reports.
"As an industry we have a vested interest in making sure card fraud is investigated and the fraudsters prosecuted," said Sandra Quinn of Apacs.
Earlier this month it was revealed that credit card fraud abroad cost UK travellers £118.2 million last year, with more than three quarters of the 9,000 reported cases taking place in Spain.
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