Digital Identity Blog

Thought leadership for cybersecurity, fraud and digital channel professionals

Plastic Has Holes Bad Actors Can Squeeze Through

By ThreatMetrix
ThreatMetrix®, The Digital Identity Company®, is the market-leading cloud solution for authenticating digital personas and transactions on the Internet. Verifying more than 20 billion annual transactions supporting 30,000 websites and 4,000 customers globally through the ThreatMetrix Digital Identity Network®, ThreatMetrix secures businesses and end users against account takeover, payment fraud and fraudulent account registrations resulting from malware and data breaches.
Follow ThreatMetrix ThreatMetrix's Most Recent Posts:

Europe Records All-Time Card-Fraud Losses While More Genuine User Transactions Blocked

According to an article on, overall losses to card fraud in the U.K. are the highest since 2008 and, “like many other countries that have migrated to chip-and-PIN, card-not-present fraud leads the way.” In one year, U.K. CNP losses jumped from $414 million to more than $505 million. In fact, when it came to losses from fraud, the U.K. and Russia led the way. Click this link for a European map of card fraud.

Blocking good customers

Martin Warwick, a principal fraud consultant at FICO, noted, “When fraud losses peaked in 2008, U.K. issuers sharply reduced card fraud through chip and PIN and fraud analytics. However, tougher fraud detection policies and thresholds also block more genuine transactions, and now the focus for U.K. banks and regulators is very much on improving the customer experience.”

By ThreatMetrix Posted