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Payments: fraud rates are low, but 'broken phone scams' are on the rise
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Fusion42 · 23 July 2026 · Fusion42 review
Italy's central bank reports fraud rates remain low overall (10 cases per 100,000 transactions) but instant SEPA transfers show elevated risk (12 per 100,000) despite a 38% drop in fraud volumes since H1 2025. IBAN verification requirements under the Instant Payment Regulation are driving the decline, though cross-border e-commerce and remote transactions remain higher-risk vectors.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
IBAN verification is working: instant transfer fraud dropped 38% in six months because payment providers tightened controls post-regulation. If you're building fraud detection or payment screening, you now have proof that real-time beneficiary checks kill high-value scams — that's a product narrative with numbers attached.
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1 source · 23 Jul 2026
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