Euro Banking Association issues updated version 5.0 of the EBA Fraud Taxonomy capturing latest trends in payment fraud

By Samia Singh | June 5, 2024 |

The Euro Banking Association (EBA) today issued version 5.0 of the EBA Fraud Taxonomy, which will take effect on 1 January 2025. The taxonomy offers a common pan-European vocabulary and categorisation approach to describe fraud scenarios related to all kinds of payments, including card transactions. It has been developed by the Association’s Expert Group on Payment Fraud-related Topics (EGPF) representing financial institutions from 15 European countries.

Posted in Press release