UK is card fraud capital of Europe – think tank
The UK is the card fraud capital of Europe – most victims per 1000 people and the losses are highest, a think tank says today.
Britons suffer far more card frauds than people in any European country. UK losses from card fraud are also much higher.
This is revealed in SMF analysis of European Central Bank data, as demonstrated by the following charts.
Figure 1: Number of card frauds per 1000 people in major European countries
Source: European Central Bank
Figure 2: Cost of card fraud per 1000 people in major European countries
Source: European Central Bank
The SMF has called on the government to adopt a “comprehensive whole-systems” approach to address fraud – Britain’s dominant crime – starting with recruiting more specialist staff that are trained to handle complex crime like fraud (and other economic crime types).