POLAND Increase in Fraud YoY
An Escalating Fraud Threat, Going Unchecked
Poland has seen some of the highest percentage increases in fraud rates in Europe, with the country fast climbing the loss tables. Poland continues to see an unfair share of the increased threat, which is indicative of the success the fraudsters are enjoying there. Many challenger banks and fintechs in the market are hardening their environments much quicker than the larger entities, creating a double threat to the more established entities.
The data shows an increasingly concerning set of trends, with Poland having the second largest percentage increase for the third year running and the second largest value increase — indeed, it’s close to the increase felt by France, which is quickly approaching the top spot in fraud losses in Europe. These trends are worrying and despite Poland’s position towards the bottom of the basis points charts, the lack of improvement will see them escalate through this table.