FICO – European card fraud for 19 countries hit record €1.8B in 2016

By 7th July 2017Industry News

Analytic software firm FICO has released an interactive map of European card fraud, which shows that card fraud losses for 19 European countries hit approximately €1.8 billion, a new high. The UK saw the highest losses at £618 million, a 9 percent rise over 2015, topping the previous peak in card fraud, set in 2008 after the introduction of chip and PIN.

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