Losses related to online banking frauds in Norway 2018, by type of fraud

Merchants were hit the hardest by online banking frauds in Norway in 2018, through phishing and the use of false BankID. The losses deriving from these types of fraud amounted to around 16.4 million Norwegian kroner. The total losses related to online banking fraud that year amounted to around 20.2 billion Norwegian kroner, which was the highest amount during the observed period since 2013, and a huge jump after a significant drop in 2017.

Payment card fraud

   Losses due to payment card fraud in Norway grew steadily from 2013 to 2016, when they peaked, but then dropped significantly the following years. Most of all the frauds were due to fraudulent use of card data, where the card was not present, such as in online transactions.

Costs of payment card frauds

   The total costs of payment card frauds are higher than only the direct losses, though they do account for the highest share. In 2018, the total direct losses amounted to around 92.6 million Norwegian kroner. Except for the direct losses, other costs related to payment card fraud are administrative costs for the card issuer, and consumer costs.

Losses related to online banking frauds in Norway in 2018, by type of fraud

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Release date

June 2019



Survey time period


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Statistics on "Banks in Norway "

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