FICO's 2025 European Fraud Map shows UK card fraud losses rose just 2% year-on-year to £594.9 million, far below the 15% or more jumps seen in Norway, Sweden, Poland, Hungary and Greece, while card fraud losses across Europe reached an all-time high of €1.69 billion. The UK total remains under the 2019 peak of £620.6 million, with Card-not-Present fraud edging up from £412.5 million in 2024 to £423.5 million in 2025. ID fraud losses in the UK fell 12% from £61.5 million to £54 million, and losses from cards lost or stolen declined from £111.7 million to £109.8 million. Sarah Cassidy, senior fraud consultant at FICO in EMEA, said the biggest threat to the UK financial services ecosystem is the relentless use of social engineering tactics, including consumers being tricked into divulging one-time passwords so fraudsters can link cards to their own devices and e-wallets. The data for the map is provided by Euromonitor International, and for the UK by UK Finance.
Fair Isaac CorporationFICO's European Fraud Map reports UK card fraud losses up 2% and Europe at €1.69bn, but no clear positive or negative financial impact on FICO is stated.
Euromonitor International is cited only as the data provider for the fraud map, not as a subject of the news.
