In the first quarter of this year, 4,995 fraud cases involving payment cards occurred within Azerbaijan, totaling 1,350,492 manats.
“Elchi” reports this citing the Central Bank of Azerbaijan.
During the reporting period, 21.4% of domestic fraud cases were related to account takeovers. Meanwhile, 60.2% of international fraud cases were carried out without the physical presence of the card.
In January-March of the current year, both domestic and international fraud primarily occurred through e-commerce and mobile applications. Specifically, 98.3% of domestic fraud cases and 80.6% of international cases were recorded via e-commerce and mobile applications.