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Fraud on credit and debit cards rose by a quarter last year, according to new figures from Apacs, which put the cumulative cost at £532 million.
The payments association says that it marks the first rise in fraud in three years, with the impact of chip and pin starting to fade.
One of the major trends was for fraudsters to try to secure money overseas, with 39 per cent of all losses now resulting from a fraudulent transaction processed outside of the UK.
With chip and pin not being standard in many foreign countries, it is easier to clone cards. Domestically high street fraud fell, down from £218.8 million in 2004 to £73 million in 2007.
Cardholders are advised to take a number of steps to limit their vulnerability to fraudsters and hackers attempting to steal their details.
These include keeping a card in view when in a shop or restaurant; checking online shopping sites are secure with an https address and a padlock symbol showing - and taking advantage of the latest anti-virus software and firewalls.
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