Payment fraud statistics in Cyprus for the second half of 2025

According to a report released by the Central Bank of Cyprus, payment fraud in the country remained at relatively low levels during the second half of 2025, consistently staying below the Eurozone average for most payment methods. Despite a 5% decrease in the total number of incidents, which reached approximately 14,000 cases, the total financial value of these incidents rose by 16% to nearly €3.7 million.

Card payments accounted for 93% of the fraud incident volume, underscoring their dominance in the Cypriot payment ecosystem. A notable finding from the Central Bank indicates that while the number of incidents remains manageable, the average value of a fraudulent credit transfer in Cyprus was €6,300, significantly higher than the €1,800 Eurozone average and exceeding the average value of regular credit transfers in the country, which stands at €4,500. This disparity means that even a limited number of fraudulent credit transfers can result in significant financial impact, with the report highlighting that the economic losses for such transfers are primarily borne by the service users.