DENMARK Increase in Fraud YoY

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Strong Digital Adoption Continues to Control CNP

Denmark enjoys the highest reported mobile banking penetration rates in the world and a strong representation from domestic payment schemes. As with Sweden, Denmark has seen a strong growth in e-commerce-based transactions in the previous year and the minor increase in their Card Not Present (CNP) losses reflects that shift.

As with the rest of the Nordics (and the majority of Europe), a continued shift from ‘card present’ frauds into scams and application fraud continues to cause challenges. Denmark also has one of the highest reported rates of money-laundering “mule” adoption in the underage population, which is of significant concern for both the ongoing success and escalation of mule-related activity and scams overall.

Our local partners continue to drive their platform innovation and strategic path to enterprise fraud in order to get in front of these threats.