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Preventing payment fraud  in Europe


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The contents on this website reflect the views of the Members of the EU Fraud Prevention Expert Group and cannot be attributed to the European Commission


 

Card Fraud

There are many different typologies for card fraud. Industry generally groups them in four main categories: mail-non-receipt fraud (e.g. the physical card sent by the bank through the mail is intercepted); lost-and-stolen card fraud (e.g. you lose your card or your card is stolen); counterfeit card fraud (e.g. skimming of your card to produce a counterfeit one); and card-not-present fraud (e.g. remote payments such as phone or mail orders or internet transactions).

Card skimming is increasingly a cross-border phenomenon, as well as wire-tapping and hacking of merchants' databases in order to collect and misuse credit card information. European industry is tackling these threats in particular by the introduction of chip (EMV) and PIN technology and other countermeasures. Remote payment fraud (e.g. card-not-present situations) is also an area of concern, which calls for the use of enhanced authentication techniques (e.g. 3D Secure technology, card security codes etc). The FPEG has recently produced a report on the security issues related to ATMs and Point of Sale terminals, in particular in relation to skimming attacks.

Where to learn more about card fraud?

L'Observatoire de la sécurité des cartes de paiement This is a French public body charged with monitoring the security in card payments. It publishes annual reports in French and English on card fraud, which may include data relating to identity theft.

Cardwatch Card Watch is a UK banking industry initiative that aims to raise awareness of card fraud prevention. It is managed by APACS, the UK payments association.

German cards site Site of the German payment and banking industry providing security advice to the public and information on fraud prevention.

Safecard is the website of the Irish payment industry (IPSO). It aims at raising awareness about the harmful effects of card fraud. This site offers simple, yet effective loss prevention advice to retailers and consumers.

 

 

 

 

 

 

 

 

 

 

Fraud in non-cash means of payment


Card Fraud


Identity Theft