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To find out where the credit card fraud capital of Europe is merchant machine We researched 19 European countries and analyzed the amount of money lost through fraud, the level of fraud risk, and more to find out where this crime is most prevalent.
Key findings from Merchant Machine include:
Ireland is the center of credit card fraud in Europe.
The UK is second only to Ireland.
Merchant Machine advises consumers to take all possible precautions to reduce the risk of fraud.
Among the 19 countries surveyed, Ireland had the second highest fraud losses of 5,145 per 1,000 cards per month. There were also 180 searches for the terms “credit card fraud” and “reported credit card fraud”.
In Ireland, 88 people per 1,000 inhabitants are victims of credit card fraud, which is the third highest rate compared to other countries on the list, with 7,949 per 1,000 inhabitants stolen by fraudsters. means
In addition to this, nearly a quarter (25%) of all trade in Ireland is cross-border. More than three-quarters of these transactions were fraudulent, a higher rate than in the UK and France.
The UK ranks second on Merchant Machine’s list, with the highest number of frauds per 1,000 population at 123, and the highest value per 1,000 population at 10,414.
There are 170 Google searches for “report credit card fraud” and 1,000 searches for “credit card fraud” in the UK every month.
The UK is followed closely by France, which has the highest fraud value and volume per 1,000 cards. This means that in France he has 83 frauds for every 1,000 credit cards, and in total he has incurred a loss of 5,521.
Country | Fraud value per 1,000 sheets | Frauds per 1,000 cards | Fraud per 1,000 population | Frauds per 1,000 population | Fraud Risk Index | Percentage of cross-border transactions in total transaction value | Cross-Border Transactions as a Percentage of Total Fraud | Average monthly search volume | |
1 | Ireland | 5,145 | 57 | 7,949 | 88 | 7.44 | 23.1% | 76.8% | 80 |
2 | England | 4,259 | 50 | 10,414 | one two three | 6.82 | 11.8% | 53.5% | 1170 |
3 | France | 5,521 | 83 | 6,716 | 101 | 7.36 | 8.6% | 53.5% | 280 |
Four | Luxembourg | 1,271 | 9 | 5,919 | 40 | 3.7 | 43.4% | 98.7% | 20 |
Five | Malta | 2,264 | 19 | 4,148 | 34 | 4.02 | 29.7% | 98.2% | 20 |
Credit card fraud can be devastating, and criminal fraud on your card can damage your credit score and have repercussions on your financial situation. Here are some things you can do to reduce your risk of becoming a victim of credit card fraud.
If someone obtains it, it can be copied or altered.
Phishing scams are set up by scammers to trick you into revealing your financial information by pretending to be a bank or online shop. Do not click on any link or provide any personal information if it looks incorrect.
Always keep your PIN secret. Only the cardholder knows the credit card PIN.
Watch out for unusual purchases or transactions that you didn’t make so you can report any suspicious activity to your credit card company immediately.
You should create a unique password for each online banking account with a random combination of letters, numbers, and special characters.
A Merchant Machine spokesperson advises:
We encourage you to keep your confidential information as secure as possible, act with caution if you receive unexpected messages from your bank or online shop, and carefully monitor your purchase history.
Francis Bignell
