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UK card fraud falling thanks to better transaction checks

Since 2006, the UK’s share of European plastic fraud has dropped from 45 percent to 29 percent last year. Losses have fallen steeply and consistently to just over APS200 million from CNP in 2011 and APS50 million for counterfeiting. In Europe, the picture is more mixed with card not present fraud continuing to rise beyond 2008 before levelling out at higher levels. But fraud levels in the UK remain a card fraud hotspot for a country of 62 million people, many times higher than Germany.”]

Source: https://www.csoonline.com/article/2131729/uk-card-fraud-falling-thanks-to-better-transaction-checks.html

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