Argentina digital banking fraud rises
Fraud complaints and related amounts rose in Argentina’s banking sector in H1 2026, according to the central bank.
Fraud complaints and the amounts tied to fraudulent transactions rose in banking during the first half of 2026, according to the Central Bank's fifth Payment Systems Report 2026. Cases involving digital payment methods reached $98 million, equal to 0.06% of total transaction value.
Fraud complaints and the amounts tied to fraudulent transactions rose in Argentina’s banking sector in the first half of 2026, according to the Central Bank’s fifth 2026 Payment Systems Report. During that period, digital banking fraud reached $98 million, equal to 0.06% of the total value transacted through digital payment methods.
How did reported card fraud rates change?
Coverage published by Emol on August 5, 2026, detailed that debit cards raised their fraud rate from 0.04% to 0.07% between the first half of 2025 and the first half of 2026. For credit cards, the reported rate was 0.14%.
The data show an increase in the volume of reports and in the money involved, all within the period covered by the Central Bank. The material reviewed does not add any other breakdown by channel or transaction type beyond those rates and the total amount attributed to digital banking fraud.
What biometric authentication risks were flagged?
Separately, Clarín reported in a financial security piece that DEF CON 34 showed how biometric controls at banks and fintechs across Latin America can be bypassed. The coverage also said that facial verification was not recommended as the only requirement for opening, recovering, or moving an account to another device.
The warning has a regional scope and could affect Argentine users if those verification schemes are used as the main access barrier. According to the report, the key point of the demonstration was that facial biometrics should not be the sole condition for authorizing sensitive account actions.
