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2 clusters · 2 sources · 9 days · First seen · Last updated

Global and regional payment fraud trends

Overview

Global payment fraud trends show a shift toward digital channels and high-value individual incidents. In 2024, global card fraud losses reached approximately $33.4 billion, with the United States accounting for nearly 42% of these losses. As chip technology has made physical counterfeiting more difficult, fraud has increasingly moved toward card-not-present methods, account takeovers, and authorized-push-payment scams.

In Cyprus, data from the second half of 2025 indicates that while the total number of fraud incidents decreased by 5% to approximately 14,000 cases, the total value of payment fraud rose by 16% to nearly €3.7 million. Although card payments accounted for 93% of the total number of incidents, credit transfers represented the largest share of monetary value at €2 million (56%). The Central Bank of Cyprus noted that the country recorded the highest average value per credit transfer fraud incident in the eurozone, averaging €6,300 per incident compared to the eurozone average of €1,800.

Entities

United States · Nilson Report · Central Bank of Cyprus · FamZoo · Cyprus

Timeline

  1. 17 days ago

    [BUSINESS] 2 sources
    Cyprus payment fraud value rises 16% to €3.7 million

    Payment fraud value in Cyprus rose 16% to nearly €3.7 million in H2 2025. While card payments made up 93% of incidents, credit transfers accounted for 56% of the total financial loss.

  2. 26 days ago

    [BUSINESS] 2 sources
    Payment fraud losses reach $33.4 billion globally in 2024

    Global card fraud losses hit $33.4 billion in 2024, with the U.S. accounting for 42% of losses as fraud shifts to digital channels and card-not-present transactions.

Sources

dialogos.com.cy · economytoday.sigmalive.com