Card fraud across Europe reached €1.55bn last year, with about 45% of that happening to UK consumers and businesses.
Data from BuyShares.co.uk, which provides information to investors, revealed that 2019 saw Є707m worth of card fraud committed in the UK, which is the biggest e-commerce market in Europe.
In comparison, France had the second highest level of card fraud, at Є441m, and Germany the third highest, suffering losses of Є91.5m to the crime.
Over three-quarters (76%) of the fraud in Europe happened through remote purchases, the research found. “The high value of fraud is a result of a high