Tuesday, 23 October 2012

Global card fraud continues to rise

An article from Finextra says that a quarter of people have been hit by card fraud during the past five years, prompting many to ditch their provider - this is according to an ACI Worldwide-commissioned survey covering 17 countries around the world.

According to the Aite Group poll of 5223 people - around 300 for each country - Mexicans are the most likely to fall victim to fraudsters, with 44% hit in the last five years. America comes second (they have not yet adopted EMV or Chip and PIN) on 42%, followed by India on 37%. The UK ranks sixth on 34%, well above its European neighbours, Germany (13%) and the Netherlands and Sweden (both 12%).  Read the full story.

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