European Card Fraud - Sweden

Renewed Surge in CNP Fraud Amid Stable Landscape

Recent data shows that Sweden, once aligned with countries like Denmark and the UK in reducing card fraud, is now experiencing a clear year-on-year rise in Card Not Present (CNP) fraud—mirroring trajectories seen in Denmark, Poland, Hungary and Greece. Other fraud types remain comparatively low, but the resurgence of CNP losses highlights a shifting threat landscape.

This increase may reflect evolving attack methods and the growing sophistication of fraud networks targeting e-commerce. As with many European markets, Swedish banks face the dual challenge of protecting customers while maintaining frictionless digital experiences. Investing in adaptive fraud detection and scam-specific models remains key to staying ahead.