Losses related to online banking frauds in Norway 2021, by type of fraud

The total losses related to online banking fraud in Norway in 2021 amounted to over 346 million Norwegian kroner. Nearly 225 million kroner of these were lost in cases where the fraudster manipulated the payer into issuing the payment order. The total amount lost in online frauds increased significantly since 2018.

Payment card fraud

Losses due to payment card fraud in Norway grew steadily from 2013 to 2016, when they peaked, but was lower in the following years. A high number of all the frauds were cases where card details were stolen.

Global payment card frauds

Worldwide, the total amount lost in fraudulent payment transactions was predicted to reach over 32 billion U.S. dollars in 2021 and is expected to increase over the coming years. Debit cards was the payment method that saw the highest involvement in fraud around the world.