European Fraud Shifts as US EMV Adoption Nears

Image source: Google Images

Image source: Google Images

The European fraud landscape is in a state of constant flux, but some trends can pop out over time. For instance, new research has revealed that card fraud losses rose 6% across Europe in 2014, and £29 million in the UK alone.

Most of this increase was due to cross-border fraud, with domestic losses remaining flat. Also notable (and related): 70% of losses were due to card-not-present fraud.

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