Card Fraud Falls, Online Fraud Stays High In Europe

By  |  July 17, 2013
 | 

The European Central Bank announced that ATM and point of sale-based fraud are falling across Europe, reported Finextra. Bank officials claim the decreased card crime is largely due to technological improvements such as EMV Chip & PIN. However, it was also reported that online fraud activity remained extremely high according to figures.

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    ECB indicated that Luxembourg, France and Britain were the EU countries with the highest rate of fraud losses as a proportion of regular transactions.

    Read the full story here.


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