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

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

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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