The Central Bank of Cyprus published payment fraud statistics for the second half of 2025, showing that fraud remained relatively low compared with the euro area average. Incidents continued to be concentrated in online card payments and cross-border transactions. Although fraud rates by transaction volume were low, Cyprus recorded the highest average value of fraudulent credit transfers among euro area countries. Payment service users continued to bear most financial losses from credit transfer fraud, unlike for other payment methods.
2026-08-25Central Bank of Cyprus
Central Bank of Cyprus reports low payment fraud rates but highest average fraudulent credit transfer value
The Central Bank of Cyprus reported relatively low payment fraud rates in the second half of 2025, with incidents concentrated in online card payments and cross-border transactions. Cyprus nevertheless had the euro area’s highest average value of fraudulent credit transfers, for which users continued to bear most losses.