Payment fraud in Cyprus rose sharply in the second half of 2024, though the island still recorded fewer incidents than the eurozone average, according to the report of the Central Bank of Cyprus (CBC).
The total volume of fraudulent transactions jumped 34 per cent year-on-year to 14,000, while the value increased by 26 per cent to €3 million.
By comparison, the eurozone saw a smaller rise of 7 per cent
