We publish fraud statistics twice-yearly to help increase awareness about fraud trends, prevention and security.
We collect payments fraud statistics from Australia’s financial institutions and major card schemes twice-yearly.
Tacking card fraud is a key priority for industry. We publish the aggregated data to help increase awareness about fraud trends, prevention and security, and to assist financial institutions in:
In the 12 months to 30 June 2017, transactions made on Australian cards totalled more than $730.1 billion – up 3.8%. Card fraud increased by 3.1% to $538.2 million:
As chip technology continues to provide strong protection against counterfeit card, fraud is migrating to online channels.
For further information on this data release, please see the accompanying Media Release.