Estonia has the lowest number of cases of card fraud in the euro area, Estonia's central bank Eesti Pank said, referring to a report on card fraud published by the European Central Bank, informs LETA.
The report shows that card fraud in the Single Euro Payments Area (SEPA) increased by 15% in 2012 and affected around 9 million transactions worth a total of 1.3 billion euros. The number of fraudulent transactions has fallen steadily over the past five years. The number of cases in Estonia is lower than in other countries.
In 2012, 5,400 fraudulent transactions worth around 900,000 euros were made using cards issued in Estonia. Although there was a slight rise of 8% in the number of fraudulent transactions in Estonia, their share in total transactions remained the same at 0.002%. Estonia had the lowest number of cases of fraud of any country in the euro area with four victims of fraud for every 1,000 residents of the country, and the average value of the fraudulent transactions was 160 euros. In the SEPA as a whole there were 17 fraud cases per 1,000 residents and the highest rate was in France, where there were 46 cases per 1,000 residents.