Credit and debit card fraud has reached an all-time low from its peak in 2008. The level of credit card fraud has fallen by 9 per cent in the first half of 2011 compared to the same time last year, now standing at £170 million, the third consecutive decrease. This compares favourably to the peak year of 2008, when credit card fraud exceeded £610 million.
See the Financial Times article here: Detection tools drive fall in online card fraud
Better detection and security measures have contributed, plus consumers are thought to have become more security conscious. This tightening of security has led to criminals falling back on older scams like Phishing websites where consumers are tricked into providing their personal or financial details.
See an article from The Independent here: Phishing sites soar as card fraud falls
Also see an earlier article on how to spot a fake website