15 December 2025

• In 2024 payment fraud rate in European Economic Area stable at around 0.002% of total value of transactions in a calendar year
• Total value of fraud increased to €4.2 billion in 2024 from €3.5 billion in 2023
• 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 require additional and new mitigation approaches

The European Banking Authority (EBA) and the European Central Bank (ECB) today published the 2025 edition of their joint report on payment fraud. The report covers the semi-annual data for 2022 to 2024 and confirms that the legal requirement for strong customer authentication (SCA) introduced in 2020 has contributed to reducing fraud levels. However, it also highlights the need for continued vigilance and for security measures to be…