Cyprus Payment Fraud Losses Triple Euro Area Average
Cyprus has reported a significant increase in payment fraud losses, with figures reaching €3.7 million, tripling the euro area average per credit transfer. This highlights a growing concern regarding financial security in the country.
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Cyprus payment fraud losses rise to €3.7m
The value of fraudulent payments in Cyprus rose 16 per cent year on year to almost €3.7 million during the second half of 2025, even as the number of cases fell 5 per cent to around 14,000, according to the Central Bank of Cyprus (CBC). Despite the increase in value, payment fraud remained relatively low both in […]
Read full article →Cyprus fraud losses per credit transfer triple the euro area average
The total value of payment fraud in Cyprus rose 16% to almost €3.7 million in the second half of 2025, even as the number of incidents fell by 5%, according to a statistical report published on Tuesday by the Central Bank of Cyprus (CBC). Around 14,000 fraud incidents were recorded in total over the period, […]
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