How to Better Fight Payment Fraud: Learn More About the EBA Fraud Taxonomy

How to Better Fight Payment Fraud: Learn More About the EBA Fraud Taxonomy

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The EBA Fraud Taxonomy provides a common pan-European vocabulary for fraud types to improve fraud reporting, prevention and detection

About this event

When: Monday, 26 September 2022, 14:00 to 14:45 CET Or Thursday, 29 September 2022, 10:00 to 10:45 CET

The Euro Banking Association (EBA) invites fraud-fighting and fraud reporting experts from the banking industry to join these webcasts to learn how implementation of the EBA Fraud Taxonomy could help their institutions and intelligence-sharing initiatives to better combat payment fraud.

The EBA Fraud Taxonomy enables – for the first time – a pan-European approach to payment fraud categorisation with the aim to contribute to the combatting of payment-related fraud at a pan-European level. It is applicable to both payment fraud and card fraud. The taxonomy has been designed to help streamline fraud categorisation in the context of payment fraud reporting as well as data and intelligence sharing for fraud prevention or detection purposes. It should also support payment service providers in developing effective fraud prevention campaigns for their customers.

The webcasts will cover the following topics:

• Introduction to the structure of the EBA Fraud Taxonomy

• Objectives of the EBA Fraud Taxonomy

• First implementation initiatives at bank-individual, regional and pan-European level

• Principal updates included in the latest version of the EBA Fraud Taxonomy

• How to engage in the annual change cycle aimed at ensuring that the EBA Fraud Taxonomy evolves in line with latest insights provided by fraud experts on how to effectively categorise fraud types

In addition, the webcasts provide an opportunity to discuss with fraud experts from the EBA Expert Group on Payment Fraud-related Topics (EGPF) which developed the EBA Fraud Taxonomy.

The webcasts are free and open to both EBA members and non-members.