Sainsbury’s steps up security as UK named Europe’s card fraud capital

The banking arm of UK supermarket Sainsbury's has reportedly unveiled plans to invest GBP3.5 million in technology to help counter ATM fraud. This comes as a new report has found the UK to be the card fraud capital of Europe.

According to Namnews, Sainsbury’s Bank will make the multi-million pound investment to combat the growing problem of card skimming at ATMs. Among other things, the money will go towards anti-skimming devices and extensive CCTV monitoring at Sainsbury’s cash machines.

Word of Sainsbury’s security upgrade comes as a new report from the European Security Transport Association has named the UK as the card fraud capital of Europe, with UK citizens almost twice as likely to become a victim of card fraud than their counterparts in seven other European countries.

The report also claimed that around a third of European consumers affected by card fraud, and a quarter of British card fraud victims, now prefer to pay with cash.