Payment fraud is on the rise in Denmark and Sweden
Scammers and fraudsters are moving to digital realm
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
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- Trends in reserve management 2024: survey results
- Profit inflation and monetary policy: weighing the evidence
- Central bank of the year: Central Bank of Brazil