Overview

• Euro Kartensysteme reports that total Girocard fraud losses in 2024 were slightly lower than in previous years.
• Losses from stolen cards rose sharply as criminals exploit contactless payments even when PINs are not known.
• Criminals use a physical card and PIN or a copied digital card for 92.5% of Girocard fraud transactions.
• No ATM skimming incidents were recorded in Germany during Q1 2025 as EMV chip technology has rendered magnetic stripe cloning ineffective.
• Industry leaders say consumer education on secure PIN storage and use remains the key to further reducing fraud.