Payment fraud in Ireland rose 26% in 2023, totaling €126 million, with card payments most hit.

Payment fraud in Ireland surged by 26% in 2023, totaling €126 million, up from €100 million in 2022. Card payments and credit transfers were the most affected, with fraudsters often using stolen information or convincing payers to make unauthorized transactions. Despite the increase, Ireland's fraud rates are below EU averages except for card payments. The Central Bank of Ireland warns that fraudsters are finding new ways to exploit digital systems, posing a significant risk to consumers and businesses.

2 months ago
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