The rate of fraudulent online transactions originating in Europe jumped from 1.3 percent from January to March 2011 to 2.1 percent from January to March 2012, and the rate showed upward movement every quarter in between.
Iovation announced that the rate of fraudulent online transactions that it has stopped in Europe is 60 percent greater now than it was a year ago, having halted about 15 million fraudulent transactions from April 2011 to April 2012.