FRANCE No Change in Fraud YoY

France Now Has the Greatest Fraud Threat in Europe

Last year we predicted that France would soon become the highest loss-driving (ratio of losses to spend) nation in Europe. In 2021 we finally saw France overtake the United Kingdom in terms of basis points, with France topping the European table with 7.34 basis points. Despite total threat levels more than doubling, France have done well to keep overall fraud losses steady and there have been no significant changes in terms of individual fraud loss trends over the last three years.

Where adoption of modern technology and fraud-specific machine learning is concerned, French institutions have been slow adopters in comparison to their peers. This is especially evident in large French banking entities with multi-country footprints, as other countries within the same organisational group often have better fraud prevention performance than their French counterparts.