European Card Fraud - Czech Republic
Explore card fraud loss trends across Europe with our interactive map, charts and analysis from FICO fraud experts
Calm Before Potential Storm?
In 2024, the fraud landscape in the Czech Republic showed a slight uptick of 0.21% in total value lost to fraud, with losses rising from 135.8M to 136.1M CZK. The Czech Republic has experienced a continued trend in fraud patterns, with Card Not Present (CNP) fraud holding steady as the main driver: CNP fraud continues to account for close to 70% of all losses and has been holding at this rate for several years. Whilst counterfeit fraud continues to be the secondary concern, losses have been steadily declining, continuing the downward trend observed since 2015.
These relatively stable levels of fraud, while comforting, could well change in the coming years as we see more and more scam scenarios shifting from real-time payments to cards (especially when it comes to 3D-Secure transactions and e-wallets). Financial institutions in Czech Republic should be wary of that and ready to tackle these emerging threats head on with the right tools especially around customer communication.