FICO’s interactive card fraud map shows UK card fraud rose 18 percent in 2015

Analytic software firm FICO has released an interactive map of European card fraud, which reveals the UK saw Europe’s largest annual jump in card fraud losses for 2015. Most of the 18 percent rise in losses came from online transactions, reflecting the growth in this channel, the ease of accessibility to funds and lower risk for criminals, and the theft of personal data through cybercrime. The online map, based on data from Euromonitor International, shows that card fraud rose in 10 of the 19 countries studied, with Greece, Denmark, France and Russia posting the highest rises after the UK. Read more here.