The Central Bank of Estonia’s annual Payment Fraud Report found that total losses increased 87.4% to EUR 25.3 million in 2025, while reported incidents rose about 14% to 34,900. Card fraud remained the most common form of payment fraud, but credit transfer fraud generated the largest losses. Businesses lost more than EUR 10 million, up from EUR 3 million in 2024, as fraudsters increasingly targeted small businesses through multistage telephone scams, business email compromise and invoice fraud. Businesses represented only 15% of credit transfer fraud cases but incurred 54% of the associated losses, with an average loss of EUR 9,270 compared with EUR 1,570 for individuals. Losses from ATM fraud more than tripled and exceeded e-commerce fraud losses, often after victims were manipulated into withdrawing cash or surrendering cards and PIN codes. Because victims frequently authorized transactions or disclosed security information, they bore 96% of credit transfer fraud losses and 84% of card fraud losses.
Central Bank of Estonia reports payment fraud losses rose 87.4% to EUR 25.3 million in 2025
The Central Bank of Estonia reported that payment fraud losses rose 87.4% to EUR 25.3 million in 2025, with incidents increasing about 14% to 34,900. Business losses exceeded EUR 10 million as small firms faced more telephone scams, business email compromise and invoice fraud. Victims bore most losses because they often authorized transactions or disclosed security information.