The Central Bank of Ireland’s annual Payment Fraud Statistics show that fraudulent payments reported by Irish resident payment service providers increased 27.2% to EUR 179.04 million in 2025, despite only a marginal rise in the number of fraudulent transactions. Fraud affected approximately one in every 10,000 payment transactions. Authorised push payment fraud accounted for 45% of total fraud by value and 67.2% of credit transfer fraud, up from 35.2% and 45.6%, respectively, in 2024. Cross-border payments represented 69.8% of fraudulent payment value, totaling EUR 124.89 million. Cheques had the highest average fraudulent payment value at EUR 9,741, followed by credit transfers at EUR 2,412, while the average for payments through electronic money institutions more than doubled to EUR 1,427. The Central Bank called on financial firms and technology companies to strengthen systems and controls and said firms should provide timely support to affected consumers. It is working with regulated firms to improve customer service in fraud cases.
2026-09-04Central Bank of Ireland
Central Bank of Ireland reports payment fraud value rose 27% to EUR 179 million in 2025
The Central Bank of Ireland reported that payment fraud value rose 27.2% to EUR 179.04 million in 2025, while the number of fraudulent transactions increased only marginally. Authorised push payment fraud accounted for 45% of fraud by value, and cross-border payments represented 69.8%.