NORWAY Decrease in Fraud YoY
Norway Continues Strong Performance in Plastic Fraud
Norway’s continuing success is a testament to the ongoing hardening of the control environments, education and awareness and innovation in the region. As such, Norway has reported the best percentage reduction in fraud losses in Europe for the third year running.
The changes made in 2016 continue to pay dividends, with the country being seen as a ‘hard target’ for plastics fraud.
As with the majority of the Nordics, this has forced fraudsters to shift their attempts elsewhere, and Norway needs to now deploy the same hostile control frameworks within the application fraud and scams environments.