The Association for Payment Clearing Services (APACS) this week revealed internet fraud accounts for a quarter of all consumer losses.
The payments association has issued tips for customers shopping online this Christmas to lessen the chance of fraud.
From January to June 2005 consumers lost a £14.5 million through fraud - an increase of £10.5 million on the year before.
"Probably nearly everyone with access to the internet will buy something online this Christmas and there is absolutely no reason why they shouldn’t do this in complete confidence providing they follow some very simple rules - all of which are spelt out in our top ten tips," said Sarah Quinn, director of communications at APACS
APACS tips include keeping your card with you at all times, keeping account details and passwords secure and only paying for goods on sites which say 'Verified by Visa and Mastercard SecureCode'.
The tips are available on websites cardwatch.org.uk and banksafeonline.org.uk.To read more about Online Banking, click here.
© Adfero Ltd