article thumbnail

First-Party Fraud and the Hidden Drain on Revenues

FICO

In Europe the unemployment rate increased in 2020 due to the pandemic and now stands at around 8%, or 40 million people, creating another very large, receptive target group. Most companies are reluctant to impose controls that may stop fraud, but which may also dissuade legitimate prospects and customers.

article thumbnail

What Is First-Party Fraud?

FICO

In Europe the unemployment rate increased in 2020 due to the pandemic and now stands at around 8%, or 40 million people, creating another very large, receptive target group. Most companies are reluctant to impose controls that may stop fraud, but which may also dissuade legitimate prospects, new accounts and current customers.