Deutsche Bank: Card Fraud: A Growing Problem?

Card fraud in Europe has risen recently, both in absolute terms and relative to total transaction values for card payments. What is behind this increase and how much is it a cause for concern?

According to the latest edition of the ECB’s card fraud report, 2012 saw a marked increase in fraudulent activity. In total, the value of fraudulent transactions for cards issued within SEPA amounted to approx. EUR 1.33 bn from a recorded total of 9.1 m fraudulent transactions. Both fraud numbers and

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