Big Spike in Card Fraud in Europe

From We Live Security

There was a notable spike in card fraud in Europe last year, with the UK the worst hit, according to new data from FICO.

The tech company revealed that the UK experienced an 18% rise in card fraud over a 12-month period, resulting in losses worth approximately $118 million.

The UK is clearly a big target for fraudsters, as the second worst-hit countries were both Greece and Denmark – these two nations ‘only’ experienced a 5% rise in losses.

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