The Financial Supervisory Authority of Norway published its fraud statistics for the first half of 2025, showing that the gross defrauded amount from account transfers and payment card use totalled NOK 404 million, down NOK 217 million (35%) compared with the second half of 2024. Account transfer fraud totalled NOK 238 million, a decline of NOK 138 million, while payment card fraud fell by NOK 79 million to NOK 166 million. The overall drop is presented as indicating more effective preventive measures by payment service providers, but the reported data also show uneven developments across firms, with some reporting significant decreases and others increases. The authority requires payment service providers to report fraud statistics at least annually under the regulation on payment services systems, and has set semi-annual reporting in line with the Revised Payment Services Directive (PSD2) guidelines on fraud reporting. The report uses gross defrauded amounts, which may exceed ultimate losses due to subsequent recoveries, and the authority notes it currently lacks sufficient data to estimate any repayments; from 2025 it has standardised terminology to “defrauded amount” to clarify that the figures reflect total fraud volumes.
Norwegian Finanstilsynet 2026-02-19
Financial Supervisory Authority of Norway reports NOK 404 million in payment transfer and card fraud in H1 2025, down 35%
The Financial Supervisory Authority of Norway reported a 35% decrease in fraud for the first half of 2025, with the gross defrauded amount from account transfers and payment card use totalling NOK 404 million. Account transfer fraud fell to NOK 238 million, and payment card fraud decreased to NOK 166 million. The authority attributes the decline to more effective preventive measures by payment service providers, though results varied across companies.