“The amount of money stolen from contactless bank cards and mobile devices has soared, it has emerged. Almost £7m was taken in 2016, compared to £2.8m in 2015, according to Financial Fraud Action UK.
In the same period, contactless spending rose from £7.75bn to £25.2bn.A judge recently slammed the technology, which does not require a PIN, for making life “too easy” for criminals during the sentencing of a fraudster in Devon.
Contactless cards can be used for transactions of up to £30.”
Source: BBC 26/05/17