Overview
- Despite higher losses, the overall fraud rate stayed roughly 0.002% of transaction value in 2024.
- Credit transfers accounted for €2.200 billion in losses, up 16% year on year, with users bearing about 85% of those losses due largely to payer‑manipulation scams.
- Card payment fraud tied to EU/EEA‑issued cards reached €1.329 billion, a 29% annual increase.
- Transactions authenticated with strong customer authentication were generally less susceptible to fraud, particularly for card payments.
- Card fraud was 17 times higher when the recipient was outside the EEA, and regulators plan continued data publication to guide policy and oversight.