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yesterday

Generation X Bears Biggest Burden of Online Payment Fraud in Germany

An exclusive Adyen study shows that consumers born from 1965 to 1980 lose an average €1,230 annually to increasingly sophisticated fraud.

Eine Generation ist besonders vom Online-Betrug betroffen. Es sind nicht die Boomer. (Symbolbild)
Eine verzweifelte Frau am Handy – neue Studie zeigt, welche Generation am ehesten auf Betrug im Netz reinfällt. (Symbolbild)

Overview

  • Generation X consumers lose an average of €1,230 per year, significantly higher than Millennials (€747), Baby Boomers (€697) and Generation Z (€397).
  • German consumers face average annual losses of €763 from online payment fraud yet only 60% of incidents are reported.
  • While global payment fraud continues to rise, Germany has recorded a slight decline in consumer losses compared to last year.
  • Brigette Korney of Adyen warns that AI-generated phishing emails and cloned domains are making scams more convincing than ever.
  • Offline paper-based transfers require only a name, IBAN, BIC and signature to succeed, leading consumer advocates to urge URL verification, careful payment-method checks and immediate fraud reporting.