Danmarks Nationalbank
Danmarks Nationalbank
04/29/2024 | Press release | Distributed by Public on 04/29/2024 09:06
Digital payment fraud in Denmark
Analysis
Payments
29 April 2024 No. 7
Analyses focus on current issues of particular relevance to Danmarks Nationalbank's objectives. The analyses may also contain Danmarks Nationalbank's recommendations. They include our projections for the Danish economy and our assessment of financial stability. Analyses are targeted at people with a broad interest in economic and financial matters.
Digital payment fraud in Denmark
Digital payment has become widespread, creating new opportunities for criminals to commit fraud. This is also the case in Denmark, which is one of the most digitalised countries in the world when it comes to payments. Danish payment systems are secure and difficult to defraud. Consequently, fraudsters and scammers are increasingly using methods that trick the public and company employees to make and authorise fraudulent payments.
Key messages
Why is it important?
One of Danmarks Nationalbank's main tasks is to secure safe and efficient payments in Denmark. Fraud can affect anyone in the population and as the use of new digital payment solutions is on the rise, ways for criminals to conduct digital fraud are also increasing. It is therefore important that the public and companies are aware of how they are at risk of being exposed to digital fraud, so they can continue to trust that their payments can be made securely.
Main chart
Payment card fraud is at a low but increasing level
Note:
Total Danish-issued payment card fraud in relation to total card turnover.
Source:
Danmarks Nationalbank.