EPC: Yearly update of the “Payment Threats and Fraud Trends Report”

04 December 2024

The European Payments Councilpublished the yearly update of the “Payment Threats and Fraud Trends Report” which provides an overview of the most important threats and other “fraud enablers” in the payments landscape, with focus on recent attacks and outline of the broader attack vector landscape.

Attention points in the 2024 update of the report, are:

• The topic of social engineering: threats, techniques, and the liability aspects
• How the increasing use of QR-codes has attracted fraudsters
• The risks of AI being used for malicious objectives  
• A scale up of Automated Teller Machine (ATM) skimming and relay fraud has been observed

With this report the EPC intends to raise the awareness and provide insight amongst all stakeholders involved in payments space on the various threats that exist and the techniques used by fraudsters to enable them to take better decisions on possible prevention and mitigation measures.

EPC

© European Payments Council