GITNUXREPORT 2026

Payment Fraud Statistics

Payment fraud is rising sharply worldwide and costing businesses billions annually.

Alexander Schmidt

Research Analyst specializing in technology and digital transformation trends.

First published: Feb 13, 2026

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Statistic 1

92% of organizations use AI for fraud detection, preventing 85% of attacks in 2023.

Statistic 2

Biometric authentication reduced payment fraud by 67% in tested pilots in 2023.

Statistic 3

Real-time payment monitoring blocked 98% of fraudulent transactions in 2023.

Statistic 4

3D Secure 2.0 adoption cut CNP fraud by 71% for participating merchants in 2023.

Statistic 5

Machine learning models detected 95% of ATO attempts with 0.1% false positives in 2023.

Statistic 6

Tokenization reduced card fraud exposure by 55% globally in 2023.

Statistic 7

Behavioral biometrics prevented $1.2 billion in fraud losses in 2023.

Statistic 8

78% of fraud teams use graph analytics for payment fraud rings detection in 2023.

Statistic 9

EMV chip technology reduced counterfeit card fraud by 87% in EMV regions by 2023.

Statistic 10

Device fingerprinting blocked 82% of bot-driven payment fraud in 2023.

Statistic 11

SCA (Strong Customer Authentication) compliance lowered fraud by 85% in Europe 2023.

Statistic 12

AI-driven velocity checks stopped 90% of card testing attacks in 2023.

Statistic 13

65% of banks implemented continuous authentication for payments in 2023.

Statistic 14

Fraud prevention platforms saved merchants $32 billion in prevented losses 2023.

Statistic 15

Voice biometrics verified 99.5% of legitimate payments reducing fraud 40%.

Statistic 16

Network tokenization adoption grew 40%, cutting fraud 60% in 2023.

Statistic 17

55% decline in friendly fraud via enhanced return policies and ML in 2023.

Statistic 18

Quantum-safe encryption piloted to prevent future payment fraud attacks.

Statistic 19

Collaborative fraud sharing networks blocked 70% more cross-merchant fraud.

Statistic 20

Zero-trust architecture in payments reduced insider fraud by 92% in 2023.

Statistic 21

Global payment fraud caused $41 billion in direct losses to merchants and issuers in 2023.

Statistic 22

US consumers lost $8.8 billion to payment scams in 2023.

Statistic 23

E-commerce fraud cost global merchants $48 billion in 2023 including recovery costs.

Statistic 24

Average chargeback cost per incident was $150 globally in 2023.

Statistic 25

Payment fraud recovery rates averaged 45% for financial institutions in 2023.

Statistic 26

Global BNPL fraud losses reached $2.1 billion in 2023.

Statistic 27

US wire transfer fraud losses were $4.3 billion in 2023.

Statistic 28

Merchants absorbed 75% of global CNP fraud losses in 2023.

Statistic 29

Average financial impact of ATO per victim was $1,200 in 2023.

Statistic 30

Global check fraud losses exceeded $20 billion in 2023.

Statistic 31

Payment fraud indirect costs (prevention) totaled $15 billion globally in 2023.

Statistic 32

UK APP fraud cost consumers £485 million in 2023.

Statistic 33

Synthetic identity fraud losses projected at $20 billion by 2023 cumulatively.

Statistic 34

E-commerce chargeback fraud cost $116 billion globally in 2023.

Statistic 35

Average merchant fraud loss per $1,000 revenue was $17.20 in 2023.

Statistic 36

US investment scam payment losses $4.6 billion in 2023.

Statistic 37

Global crypto payment fraud losses $3.8 billion in 2023.

Statistic 38

Payment fraud insurance claims rose 25% costing $5 billion in 2023.

Statistic 39

AI prevented $6.5 billion in payment fraud globally in 2023.

Statistic 40

Card-not-present (CNP) fraud accounted for 80% of all card fraud globally in 2023.

Statistic 41

Account takeover (ATO) fraud made up 25% of payment fraud incidents in 2023.

Statistic 42

Friendly fraud (chargeback fraud) represented 38% of e-commerce disputes in 2023.

Statistic 43

Phishing-related payment fraud incidents rose 58% in 2023.

Statistic 44

Synthetic identity fraud in payments increased to 15% of total fraud in 2023.

Statistic 45

Authorized Push Payment (APP) fraud totaled $2.4 billion in 2023.

Statistic 46

Check fraud returned with 366% increase in volume in 2023.

Statistic 47

Malware-based payment fraud attacks grew 32% in 2023.

Statistic 48

Triangle fraud (new account fraud) hit 12% of digital banking fraud in 2023.

Statistic 49

BNPL fraud schemes increased 300% involving social engineering in 2023.

Statistic 50

Credential stuffing attacks on payment platforms up 40% in 2023.

Statistic 51

Remote access trojan (RAT) usage in payment fraud rose 27% in 2023.

Statistic 52

E-commerce account takeover via SMS phishing was 22% of ATO cases.

Statistic 53

Payment redirection scams accounted for 18% of business email compromise fraud.

Statistic 54

Card testing fraud volume reached 1 billion attempts in 2023.

Statistic 55

Refund abuse in retail payments was 9% of fraud losses in 2023.

Statistic 56

Deepfake voice fraud in payments emerged with 650% growth in 2023.

Statistic 57

In 2023, global payment fraud losses reached $41 billion, marking a 15% increase from 2022.

Statistic 58

Payment fraud attempts worldwide surged by 18% year-over-year in 2023, totaling over 25 billion attempts.

Statistic 59

Digital payment fraud accounted for 72% of all payment fraud incidents globally in 2023.

Statistic 60

The average cost per payment fraud incident worldwide was $4.52 in 2023.

Statistic 61

Mobile payment fraud losses grew by 22% globally from 2022 to 2023, reaching $12.5 billion.

Statistic 62

In 2023, 1 in every 300 payment transactions globally was fraudulent.

Statistic 63

Global e-commerce fraud rate averaged 1.52% of transactions in 2023.

Statistic 64

Cross-border payment fraud losses hit $8.7 billion worldwide in 2023.

Statistic 65

BNPL (Buy Now Pay Later) fraud incidents rose 210% globally in 2023.

Statistic 66

Synthetic identity fraud in payments increased by 31% globally in 2023.

Statistic 67

Global real-time payments fraud losses projected to reach $13 billion by 2027.

Statistic 68

In 2023, 65% of global merchants reported increased payment fraud attempts.

Statistic 69

Worldwide card-not-present (CNP) fraud losses were $28.65 billion in 2022.

Statistic 70

Global payment fraud detection rates averaged 92% in 2023 using AI tools.

Statistic 71

In 2023, cryptocurrency payment fraud losses exceeded $3.7 billion globally.

Statistic 72

Global friendly fraud returns cost merchants $101 billion in 2023.

Statistic 73

Payment fraud victimization rate globally was 0.73% of adults in 2023.

Statistic 74

In 2023, 40% of global payment fraud involved stolen credentials.

Statistic 75

Global A2A (account-to-account) payment fraud rose 25% in 2023.

Statistic 76

Projected global payment fraud losses to hit $50 billion by 2027.

Statistic 77

In the US, payment fraud losses totaled $12.5 billion in 2023.

Statistic 78

US e-commerce fraud rate was 1.68% in 2023, highest among regions.

Statistic 79

In Europe, card fraud losses reached €5.2 billion in 2022.

Statistic 80

UK payment fraud losses hit £1.2 billion in 2023, up 9% YoY.

Statistic 81

In APAC, mobile wallet fraud grew 35% to $4.8 billion in 2023.

Statistic 82

Brazil saw payment fraud losses of $2.1 billion in 2023.

Statistic 83

In Canada, CNP fraud accounted for 78% of card fraud losses in 2023.

Statistic 84

Australia reported 1 in 45 online transactions fraudulent in 2023.

Statistic 85

India payment fraud cases reached 1.3 million in 2023, up 25%.

Statistic 86

In the Middle East, payment fraud losses grew 28% to $1.9 billion in 2023.

Statistic 87

US account takeover fraud losses were $6.8 billion in 2023.

Statistic 88

Germany card fraud rate was 0.08% of transactions in 2023.

Statistic 89

China mobile payment fraud losses hit $2.5 billion in 2023.

Statistic 90

France APP (authorized push payment) fraud losses €1.1 billion in 2023.

Statistic 91

Mexico payment fraud growth 20% to $1.4 billion in 2023.

Statistic 92

South Africa card fraud losses R2.5 billion in 2023.

Statistic 93

Japan CNP fraud rate 0.45% in 2023.

Statistic 94

In the US, 69% of fraud was digital payments in 2023.

Statistic 95

EU-wide payment fraud reported 500,000 incidents in 2023.

Statistic 96

Nigeria mobile money fraud losses NGN 10 billion in 2023.

1/96

Sources

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Imagine this: last year, fraudsters siphoned a staggering $41 billion from global payment systems, marking a crisis that sees fraud attempts growing faster than our digital economy itself.

Key Takeaways

In 2023, global payment fraud losses reached $41 billion, marking a 15% increase from 2022.
Payment fraud attempts worldwide surged by 18% year-over-year in 2023, totaling over 25 billion attempts.
Digital payment fraud accounted for 72% of all payment fraud incidents globally in 2023.
In the US, payment fraud losses totaled $12.5 billion in 2023.
US e-commerce fraud rate was 1.68% in 2023, highest among regions.
In Europe, card fraud losses reached €5.2 billion in 2022.
Card-not-present (CNP) fraud accounted for 80% of all card fraud globally in 2023.
Account takeover (ATO) fraud made up 25% of payment fraud incidents in 2023.
Friendly fraud (chargeback fraud) represented 38% of e-commerce disputes in 2023.
Global payment fraud caused $41 billion in direct losses to merchants and issuers in 2023.
US consumers lost $8.8 billion to payment scams in 2023.
E-commerce fraud cost global merchants $48 billion in 2023 including recovery costs.
92% of organizations use AI for fraud detection, preventing 85% of attacks in 2023.
Biometric authentication reduced payment fraud by 67% in tested pilots in 2023.
Real-time payment monitoring blocked 98% of fraudulent transactions in 2023.

Payment fraud is rising sharply worldwide and costing businesses billions annually.

Detection and Prevention

92% of organizations use AI for fraud detection, preventing 85% of attacks in 2023.
Biometric authentication reduced payment fraud by 67% in tested pilots in 2023.
Real-time payment monitoring blocked 98% of fraudulent transactions in 2023.
3D Secure 2.0 adoption cut CNP fraud by 71% for participating merchants in 2023.
Machine learning models detected 95% of ATO attempts with 0.1% false positives in 2023.
Tokenization reduced card fraud exposure by 55% globally in 2023.
Behavioral biometrics prevented $1.2 billion in fraud losses in 2023.
78% of fraud teams use graph analytics for payment fraud rings detection in 2023.
EMV chip technology reduced counterfeit card fraud by 87% in EMV regions by 2023.
Device fingerprinting blocked 82% of bot-driven payment fraud in 2023.
SCA (Strong Customer Authentication) compliance lowered fraud by 85% in Europe 2023.
AI-driven velocity checks stopped 90% of card testing attacks in 2023.
65% of banks implemented continuous authentication for payments in 2023.
Fraud prevention platforms saved merchants $32 billion in prevented losses 2023.
Voice biometrics verified 99.5% of legitimate payments reducing fraud 40%.
Network tokenization adoption grew 40%, cutting fraud 60% in 2023.
55% decline in friendly fraud via enhanced return policies and ML in 2023.
Quantum-safe encryption piloted to prevent future payment fraud attacks.
Collaborative fraud sharing networks blocked 70% more cross-merchant fraud.
Zero-trust architecture in payments reduced insider fraud by 92% in 2023.

Detection and Prevention Interpretation

While AI might be composing its own symphonies soon, today it's conducting a brilliant and well-armed orchestra of biometrics, real-time analysis, and hardened protocols that has fraudsters fleeing the stage in 2023.

Financial Impact

Global payment fraud caused $41 billion in direct losses to merchants and issuers in 2023.
US consumers lost $8.8 billion to payment scams in 2023.
E-commerce fraud cost global merchants $48 billion in 2023 including recovery costs.
Average chargeback cost per incident was $150 globally in 2023.
Payment fraud recovery rates averaged 45% for financial institutions in 2023.
Global BNPL fraud losses reached $2.1 billion in 2023.
US wire transfer fraud losses were $4.3 billion in 2023.
Merchants absorbed 75% of global CNP fraud losses in 2023.
Average financial impact of ATO per victim was $1,200 in 2023.
Global check fraud losses exceeded $20 billion in 2023.
Payment fraud indirect costs (prevention) totaled $15 billion globally in 2023.
UK APP fraud cost consumers £485 million in 2023.
Synthetic identity fraud losses projected at $20 billion by 2023 cumulatively.
E-commerce chargeback fraud cost $116 billion globally in 2023.
Average merchant fraud loss per $1,000 revenue was $17.20 in 2023.
US investment scam payment losses $4.6 billion in 2023.
Global crypto payment fraud losses $3.8 billion in 2023.
Payment fraud insurance claims rose 25% costing $5 billion in 2023.
AI prevented $6.5 billion in payment fraud globally in 2023.

Financial Impact Interpretation

The digital pickpocket is getting absurdly rich, with fraud siphoning tens of billions from the global economy, proving that in the race between security and crime, we're all paying the entry fee.

Fraud by Type

Card-not-present (CNP) fraud accounted for 80% of all card fraud globally in 2023.
Account takeover (ATO) fraud made up 25% of payment fraud incidents in 2023.
Friendly fraud (chargeback fraud) represented 38% of e-commerce disputes in 2023.
Phishing-related payment fraud incidents rose 58% in 2023.
Synthetic identity fraud in payments increased to 15% of total fraud in 2023.
Authorized Push Payment (APP) fraud totaled $2.4 billion in 2023.
Check fraud returned with 366% increase in volume in 2023.
Malware-based payment fraud attacks grew 32% in 2023.
Triangle fraud (new account fraud) hit 12% of digital banking fraud in 2023.
BNPL fraud schemes increased 300% involving social engineering in 2023.
Credential stuffing attacks on payment platforms up 40% in 2023.
Remote access trojan (RAT) usage in payment fraud rose 27% in 2023.
E-commerce account takeover via SMS phishing was 22% of ATO cases.
Payment redirection scams accounted for 18% of business email compromise fraud.
Card testing fraud volume reached 1 billion attempts in 2023.
Refund abuse in retail payments was 9% of fraud losses in 2023.
Deepfake voice fraud in payments emerged with 650% growth in 2023.

Fraud by Type Interpretation

The modern fraudster, clearly a work-from-home enthusiast, now prefers phishing over pickpocketing, as the digital world has become a chaotic buffet where everyone—from scammers using deepfakes to customers committing "friendly fraud"—is helping themselves to a slice of your money.

Global Fraud Statistics

In 2023, global payment fraud losses reached $41 billion, marking a 15% increase from 2022.
Payment fraud attempts worldwide surged by 18% year-over-year in 2023, totaling over 25 billion attempts.
Digital payment fraud accounted for 72% of all payment fraud incidents globally in 2023.
The average cost per payment fraud incident worldwide was $4.52 in 2023.
Mobile payment fraud losses grew by 22% globally from 2022 to 2023, reaching $12.5 billion.
In 2023, 1 in every 300 payment transactions globally was fraudulent.
Global e-commerce fraud rate averaged 1.52% of transactions in 2023.
Cross-border payment fraud losses hit $8.7 billion worldwide in 2023.
BNPL (Buy Now Pay Later) fraud incidents rose 210% globally in 2023.
Synthetic identity fraud in payments increased by 31% globally in 2023.
Global real-time payments fraud losses projected to reach $13 billion by 2027.
In 2023, 65% of global merchants reported increased payment fraud attempts.
Worldwide card-not-present (CNP) fraud losses were $28.65 billion in 2022.
Global payment fraud detection rates averaged 92% in 2023 using AI tools.
In 2023, cryptocurrency payment fraud losses exceeded $3.7 billion globally.
Global friendly fraud returns cost merchants $101 billion in 2023.
Payment fraud victimization rate globally was 0.73% of adults in 2023.
In 2023, 40% of global payment fraud involved stolen credentials.
Global A2A (account-to-account) payment fraud rose 25% in 2023.
Projected global payment fraud losses to hit $50 billion by 2027.

Global Fraud Statistics Interpretation

While the bots are getting savvier, the stats reveal our digital wallets are hemorrhaging billions as fraudsters treat the global payment landscape like their personal, poorly secured buffet.

Regional Fraud Statistics

In the US, payment fraud losses totaled $12.5 billion in 2023.
US e-commerce fraud rate was 1.68% in 2023, highest among regions.
In Europe, card fraud losses reached €5.2 billion in 2022.
UK payment fraud losses hit £1.2 billion in 2023, up 9% YoY.
In APAC, mobile wallet fraud grew 35% to $4.8 billion in 2023.
Brazil saw payment fraud losses of $2.1 billion in 2023.
In Canada, CNP fraud accounted for 78% of card fraud losses in 2023.
Australia reported 1 in 45 online transactions fraudulent in 2023.
India payment fraud cases reached 1.3 million in 2023, up 25%.
In the Middle East, payment fraud losses grew 28% to $1.9 billion in 2023.
US account takeover fraud losses were $6.8 billion in 2023.
Germany card fraud rate was 0.08% of transactions in 2023.
China mobile payment fraud losses hit $2.5 billion in 2023.
France APP (authorized push payment) fraud losses €1.1 billion in 2023.
Mexico payment fraud growth 20% to $1.4 billion in 2023.
South Africa card fraud losses R2.5 billion in 2023.
Japan CNP fraud rate 0.45% in 2023.
In the US, 69% of fraud was digital payments in 2023.
EU-wide payment fraud reported 500,000 incidents in 2023.
Nigeria mobile money fraud losses NGN 10 billion in 2023.

Regional Fraud Statistics Interpretation

The world’s criminals are conducting a grimly efficient global tour, harvesting billions with digital pickpockets while we all just keep clicking ‘pay now’.

Sources & References

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