European Card Fraud - Poland
Explore card fraud loss trends across Europe with our interactive map, charts and analysis from FICO fraud experts
Card Not Present Fraud Drives Continued Rise
For the third consecutive year, Poland had an increase in Lost and Stolen card fraud reported (PLN 12.8 million). There has been a 64% uplift since the start of the trend. It is evident that weaker controls are targeted and no significant change has been made to mitigate the growing trend instead relying on aggressive liability policies to mitigate losses.
Card not Present is still the leading contributor to attacks taking place, with a 56% increase in the last three years, totalling a record PLN 122.8 million.
Investing in effective decisioning tools capable of assessing the threat beyond just the transactional information, looking at the broader understanding of the customer’s profile and potential anomalous behaviour can not only reduce the overall losses experienced – it can contribute to a significant uplift in customer experience.