Country Insights on Identity Fraud: Spain's Battle in the Dark
In Spain, digital growth and fraud rise in tandem, revealing a complex tension.
This report is one of nine country deep-dives from The Battle in the Dark, Signicat’s study based on insights from 900 fraud and risk experts across Europe. It examines how fraud exploits fragmented identity systems and instant payment channels, revealing risks hidden behind confidence in digital growth.
Download the Spain report to see how fraud thrives where systems are fast, but not fully aligned.
Download Insights on Identity Fraud in Spain
This report is for you if you...
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Design or manage onboarding, KYC, risk, or fraud controls
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Operate or want to operate in Spain, and need local fraud intelligence
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Need regional data to justify investment in fraud prevention
What's inside Spain's report
✔ Spain's fraud trends: High success despite strong awareness.
✔ Key tactics: Social engineering and account takeover at login and transaction stages.
✔ Business impact: Pressure on banking, fintech and instant payments.
✔ Preparedness: High training levels, but reactive defences.
✔ Strategic recommendations for Spanish identity and payment ecosystems.
A Glimpse at Spain's Numbers
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Spanish organisations report rising successful fraud
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Spanish firms claim awareness of fraud tactics, yet success remains high
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Of all transactions identified as fraudulent, among Europe’s highest
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Strong digital identity (BankID) keeps attempts low, but targeted attacks are increasingly successful, especially at the transaction stage.
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Finland faces the steepest rise in both attempted and successful fraud. Account takeover and social engineering are on the rise during transactions.
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MitID offers solid protection, yet document forgery at onboarding remains a key gap. Confidence is high, but financial impact is higher.
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Fraud attempts are rising in line with Europe, but many organisations are flying blind. With only 35% measuring fraud impact, success rates are climbing under the radar.
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BankID secures onboarding, but fraud is shifting to document forgery, login and transaction stages, where overconfidence may hide new risks.
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Even with strict compliance, fraud grows as social engineering and account takeover exploit human and process gaps.