2024 Digital Banking Fraud Trends in France
BioCatch’s 2024 Digital Banking Fraud Trends in France report highlights the most prevalent types of fraud and financial crime plaguing the region’s financial institutions in 2024.
In this report, you’ll discover:
• A decline in total fraud losses in France means French banks are winning, right? Not so fast: Total digital banking fraud losses rose 9% in France last year, accounting for more than 70% of all large-value fraud in the nation.
• Social engineering No. 1 threat: Fake bank advisor scams and other social engineering attacks pose the greatest challenge to French banks in 2024.
• Scams vastly underreported: The Observatory for the Security of Payment Means estimates less than half of known fraud in France is reported to French police.
• Digital banking dominant: Already 94% of the French population use digital banking, increasing the nation’s risk and exposure.
Download now and fortify your defenses against fraudsters with BioCatch’s insights on the ever-evolving world of fraud and financial crime in France.