Quote:Some 60% of European retailers have seen an increase in fraud over the past year, despite the vast majority having prevention systems in place, according to Adyen.

The payments platform provider polled 5000 consumers and 500 retailers in the UK, Spain, France, Germany and the Nordics to compile its 2018 European retail report.

Over three-quarters said they “are prepared” for fraud or have active fraud prevention systems in place, with a majority looking to biometrics like fingerprint scanners (57%) and voice authentication (56%) to improve resilience.

However, current solutions appear to be failing given the rise in fraud across a majority of retailers surveyed. That’s bad news as consumer expectations around security grow higher.