Payment fraud is on the rise in Denmark and Sweden

Scammers and fraudsters are moving to digital realm

Fraud scam

Payment card and wire transfer fraud in Denmark have almost doubled between 2021 and 2023, new research from the central bank shows.

The National Bank of Denmark said total fraud and scam-related losses were Dkr627.4 million ($90 million) in 2023. It said payment card fraud losses made up Dkr294 million over 232,000 incidents. There were 9,400 incidents of wire transfer fraud, totalling a loss of Dkr333.2 million.

Total digital payment turnover in 2023 amounted to Dkr800 billion, the central bank

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