There has been a surge in reports to the Bank of Italy of alleged scams, mostly relating to the theft of credentials and access codes to bank accounts, the Italian central bank said Wednesday.

In 2024 the Bank of Italy received over 730 reports relating to alleged scams (+32%).

Just over half of the credential thefts occurred through attacks based on social engineering techniques including: smishing, vishing and phishing, sometimes combined with spoofing.

In other cases, the victim was tricked into making payments to the scammer.