Chip and PIN significantly reduces card fraud / SecurityPark, 21 February 2007
http://www.securitypark.co.uk/article.asp?articleid=26490&Categoryid=1
"With the first anniversary of the introduction of Chip and PIN and APACS, the UK payment association, has released figures revealing that chip and PIN cards now account for 97% of the payment cards in circulation in the UK. This fundamental increase in Chip and PIN usage has had a clear effect on card fraud, with APACS figures showing a decline."

APACS Press Release:
http://www.apacs.org.uk/media_centre/press/07_14_02.html