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3rd report on card fraud - ECB

Author: Directorate General Communications and Language Services
Price FREE
Publisher European Central Bank
Publication date 25 February 2014
ISBN 978-92-899-1253-2
Publication synopsis Card fraud within the Single Euro Payments Area (SEPA) increased in 2012 for the first time since 2008, driven mainly by higher internet fraud. The third report on card fraud, published today by the European Central Bank (ECB), finds that more efforts will be required to ensure the security of online card payments as internet purchases continue to grow. At the same time, fraud as a share of the total value of transactions remained below the levels recorded between 2008 and 2010. This oversight report on card fraud analyses developments in fraud related to card payment schemes (CPSs) in the SEPA and covers almost the entire card market.

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