Credit cards, instant transfers, contactless… Fraud through payment methods is stabilizing

In its latest report on the security of payment methods, the Banque de France reveals that the amount of payment method fraud remains relatively stable while the number of transactions continues to increase.

Fraud through payment methods remains relatively stable, below 1.2 billion euros, according to the latest report from the Banque de France on the security of means of payment published Tuesday September 10. PHowever, The number of cashless transactions continues to grow: +5% last year. If technological firewalls work, what worries the Bank of France These are our own flaws, our bad reflexes and other imprudent actions.

The progress is undeniable. Fraud remains contained: +0.2% last year for a record number of transactions of 32.2 million operations. Overall, these transactions are therefore more secure. This is the case, for example, for payment by bank card – the preferred payment method for the French since it represents six out of ten transactions – for which fraud has fallen by a third on the internet since 2019. For contactless, especially by telephone, the figures are impressive: for 100,000 euros of payment, fraud is estimated at only 20 euros, compared to 60 previously. Even instant transfers are more secure, while the French use them more and more each year.

The check, which has gradually become the weak link, is also seeing the amount of its frauds drop: – 8%. It must be said that since 2020, banks have been reporting and stopping dubious check deliveries, which helped prevent more than 220 million euros of potential fraud last year. But the problem persists since these same banks persist in sending their customers, by mail and without warning them, blank checkbooks that get lost and, above all, are stolen. The Banque de France is campaigning so that customers at least have the choice of being able to pick up their checkbook from their secure bank branch.

In a year, thanks to interbank agreements, we will be able to verify that an IBAN corresponds to a beneficiary name, in other words, that your transfer will go to the desired person.Another improvement from next month, We will be able to better identify phone number spoofing.Telephone operators will even be able to block a suspicious call, a measure very useful in spoofing cases.

Golden and already the surest bulwark against scams remains to foil manipulations. If a so-called friend needs to have checks cashed on his behalf, or that a company’s supplier claims to have changed bank details, it is not necessary to transmit no codes, no passwords, no bank details. CThis will also be the subject of a new information campaign in the coming weeks. on social networks and with influencers, therefore aimed at the youngest.