Joint EBA-ECB report on payment fraud: total value of fraud increased by 20% to €4.2 billion in 2024. Strong authentication remains effective but fraudsters are adapting.

The most recent data on EU payment fraud is out: Strong Customer Authentication remains effective against the fraud types it was designed to mitigate and that were dominant at the time PSD2 came into force, especially for card payments. However, new types of fraud are on the rise, particularly the manipulation of payers, which will […]