A recent survey conducted by the National Fraud Authority and CPP has uncovered some disturbing statistics. The annual cost of fraud in the UK per year is around £30 billion – a staggering amount. Research shows that 5% of people in the UK commit false insurance claims. 26% of Brits have been the victim of card fraud and around 40% of victims have been subject to account takeover fraud. If we’re to see any improvement in these statistics then companies and customers alike need to be extra careful. For businesses that take credit card details, fraud is an especially big issue as companies can be fined massive amounts should sensitive data become compromised. Becoming PCI (Payment Card Industry) compliant can negate that risk and keep you from becoming s fraud statistic.