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Digital Banking in Denmark Coincides With 60% Rise in Card Fraud

Credit card chip
Photographer: Andrew Harrer/Bloomberg

Nordic countries pride themselves on being further ahead than most when it comes to digital banking. But in Denmark, the advances have coincided with a jump in cyber theft.

Credit card fraud jumped almost 60 percent in 2016, according to the most recent data, and Danish police are now urging bank customers to use a texting service offered by banks to notify them of conspicuously big transactions in an effort to fight the trend.