GREECE Increase in Fraud YoY
Continued Economic Recovery Brings Continued Fraud
As predicted in last year’s report, the continued economic recovery in Greece continues to bring a sustained increase in fraud rates – driven exclusively by Card Not Present fraud. The region has historically been unable to invest in the frameworks to answer this threat effectively, but we are now seeing signs of the investment required to control and reduce the increases. With the correct partnerships, Greece will be able to easily replicate the most successful frameworks in Europe and control its threat quickly, prior to its return to the all-time highs of 2010.