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FICO European Fraud Map: UK Leads in "Card Not Present" Fraud and Total Losses
LONDON, July 16, 2025--The FICO European Fraud Map 2024 has revealed a worrying trend of rising card fraud levels and losses across the continent. The data from Euromonitor International on 18 countries shows that Card Not Present (CNP) fraud dominates card fraud losses and has increased across most countries. E-commerce fraud, e-wallet, social engineering and QR code fraud or "quishing" are all rising as well.
About this update from Fair Isaac Corporation
[{"type":"text","content":"Fraudsters are shifting away from ID theft to social engineering, data compromise scams and ‘quishing’ as the UK sees card fraud rise 4% year on year","length":149,"tagName":"p","attribs":{}},{"type":"text","content":"LONDON, July 16, 2025--(BUSINESS WIRE)--The FICO European Fraud Map 2024 has revealed a worrying trend of rising card fraud levels and losses across the continent. The data from Euromonitor International on 18 countries shows that Card Not Present (CNP) fraud dominates card fraud losses and has increased across most countries. E-commerce fraud, e-wallet, social engineering and QR code fraud or "quishing" are all rising as well.","length":441,"tagName":"p"},{"type":"text","content":"More information: https://www.fico.com/en/europeanfraud","length":55,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Card fraud losses across EMEA have increased from €1,493m in 2021 to €1,578m in 2024","length":84,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"UK card fraud increased by 4% to £572.6 million since 2023","length":58,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"CNP fraud accounts for around 70% of total card fraud losses in the UK – increasing by 11% year on year","length":103,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Hungary saw the greatest increase across Europe at 22% — card fraud losses also dramatically increased in Norway, Denmark and Hungary","length":133,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Portugal and the Netherlands are the only countries to see fraud levels fall","length":76,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":454,"olType":false},{"type":"text","content":""While card fraud loss figures are still lower than the 2015 peak of €1,642 million, the last few years show that fraud in Europe is steadily rising back up towards this figure," commented James Roche, principal fraud consultant for FICO in EMEA. "The UK has followed a similar trajectory to the rest of Europe, aligning with what FICO has seen in terms of the dominant fraud MOs that plague both the UK and Europe, as well as the common approaches taken in the last decade via initiatives such as PSD and PSR."","length":531...