FICO Analysis Shows Counterfeit Card Fraud Has Fallen Sharply in Europe
FICO has released its analysis of data showing that major shifts have occurred in European card fraud patterns.
Analysis done on 55 million active credit cards represented in the FICO Falcon Fraud Consortium for Europe showed that counterfeit fraud fell 60% between March 2009 and March 2011. FICO's data also shows that card-not-present fraud accounted for 69% of all accounts victimized by fraud and 72% of all fraud losses.
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