The future of fraud in Europe

Visa commissioned EY to undertake an independent, evidence-based study examining how fraud could evolve through to 2030. The research looks at how developments including artificial intelligence, increasingly sophisticated criminal networks and changes in the payments ecosystem are reshaping fraud, as well as the opportunities to strengthen prevention and detection.

The study finds that the future trajectory of fraud is not inevitable. Continued investment in technology-enabled detection, greater intelligence and data sharing, and stronger collaboration across industry, policymakers and law enforcement could materially reduce future fraud losses. In the strongest prevention scenario examined, around €6 billion in cumulative fraud losses could be avoided by 2030 compared with the baseline.