---
title: Payment Fraud Data Published by EBA & ECB
description: The European Banking Authority (EBA) and European Central Bank (ECB) published a Report on payment fraud data.
---

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# [Payment Fraud Data Published by EBA & ECB](https://www.plenitudeconsulting.com/news-insights/payment-fraud-data-published-by-eba-ecb)

 Written by [Insight & Partnership Team](https://www.plenitudeconsulting.com/news-insights/author/insight-partnership-team) | Aug 2, 2024 3:34:21 PM

 

The report assesses payment fraud reported by the payments sector across the European Economic Areas (EEA) during 2022 and the first half of 2023.

Highlights include:

- Payment fraud totalled €4.3bn in 2022 and €2.0bn in the first half of 2023;
- Most payment fraud (by value) was related to credit transfers and card payments;
- 7.31 million card transactions using cards issued in the EU/EEA in the first half of 2023 were fraudulent;
- Card fraud mainly occurred involving remote transactions; and
- In the first half of 2023, payment service users (PSU) bore over 80% of total fraud losses for credit transfers, 45% for card payments, and 51% for cash withdrawals.

Payment firms should review the latest EU data as part of remaining informed and reactive to new and ongoing fraud threats and vulnerabilities.

✅ Learn more about Plenitude’s Fraud Practice and how we are helping clients combat fraud more effectively while reducing fraud losses and operational costs.

[View full post](https://www.plenitudeconsulting.com/news-insights/payment-fraud-data-published-by-eba-ecb)

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