HUNGARY Decrease in Fraud YoY

Hungary Drives Down CNP Fraud Despite a Doubling of Basis Points

Hungary continues to perform well amongst its peers, and is one of only four countries to have achieved a reduction in fraud losses in 2021. FICO continue to partner with the largest entities in the region, and are proud to support these institutions via the use of consortium models on FICO^® Falcon^® Fraud Manager, helping to drive done card not present (CNP) fraud losses despite a two-fold increase in overall threat for Hungary.