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Despite fraud losses rising across Europe, UK achieved first drop in card fraud since 2011

LONDON – 30 July 2018

HIGHLIGHTS:

  • UK losses fell 8 percent due to success battling card not present fraud
  • Total card fraud losses across the 19 European countries studied grew by €30 million, or 2 percent
  • The UK, France and Russia account for 77 percent of card fraud losses in EMEA
  • Interactive online map from FICO and Euromonitor International compares fraud loss trends across the region

Silicon Valley analytic software firm FICO today released its annual interactive map which reveals changes in card fraud across Europe. Based on data from Euromonitor International and UK Finance, the map shows which countries have made significant gains in the fight against payments card fraud in 2017. France and the UK achieved reductions of 6 and 8 percent, respectively, for the biggest reductions in net fraud losses. This is despite losses across the 19 countries surveyed rising by €30 million, or 2 percent.

More information: http://www.fico.com/europeanfraud/

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More than 65 percent of US firms in survey by FICO and Ovum say their protection is either above average or consider themselves a “top performer”

SAN JOSE, Calif. — July 16, 2018

Highlights:

  • 68 percent of US firms surveyed said they are better prepared for data breaches than their competitors — up from 60 percent last year
  • Of the eight regions surveyed, Canadians were more likely to rate their firm a top performer for cybersecurity
  • Power and utilities providers respondents in the US were the most confident, or least realistic, with 86 percent rating their firms above average or top performers  
  • Financial services respondents were the least confident, or most realistic, with 60 percent rating their firms above average or top performers
  • Ovum conducted telephone surveys for FICO of security executives at 500 companies in the US and 10 other countries.
  • FICO will host a Tweet Chat on this survey, July 19th at 11.00 am Eastern Time, 8:00 am Pacific Time, 4:00 pm UK Time. Use #cybertrends to follow the discussion.

Despite the growth in data breaches, senior executives at US firms think their cybersecurity protection is top-notch, according to a new survey conducted by research and consultancy firm Ovum for Silicon Valley analytics firm FICO.  68 percent of executives from US firms said their firm was better prepared than their competitors, and 37 percent said their firm was a top performer.

More information: http://www.fico.com/en/latest-thinking/ebook/usa-views-from-the-c-suite-survey-2018

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Three-quarters of UK firms in survey by FICO and Ovum say their protection is above average, and nearly half think they’re a “top performer”

LONDON — July 11, 2018

Highlights:

  • 75 percent of UK firms surveyed said they are better prepared for data breaches than their competitors — up from 60 percent last year
  • Of eight regions surveyed, only Canadians were more likely to rate their firm a top performer for cybersecurity
  • Financial services respondents were least realistic, with 96 percent rating their firms above average or top performers
  • Retail and e-commerce respondents were most realistic, with 57 percent rating their firms above average or top performers
  • Ovum conducted telephone surveys for FICO of security executives at 500 companies in the UK and 10 other countries.

Despite the growth in data breaches, senior executives at UK firms think their cybersecurity protection is top-notch, according to a new survey conducted by research and consultancy firm Ovum for Silicon Valley analytics firm FICO. Three out of four executives from UK firms said their firm was better prepared than their competitors, and 43 percent said their firm was a top performer. While this overconfidence was seen across the eight regions surveyed, Canada was the only country where more respondents (44 percent) said they were a top performer for cybersecurity protection.

More information: http://www.fico.com/en/latest-thinking/ebook/united-kingdom-views-from-the-c-suite-survey-2018

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