Chile and Colombia Move Against Digital Payment Fraud

In Chile, the fifth 2026 Payment Systems Report said complaints and the amounts tied to fraudulent transactions rose in the first half of the year, reaching $98 million in banks alone.

Signals in Chilean banking

The same report cited by Emol said fraud rates on debit cards in Chile climbed from 0.04% to 0.07% between the first half of last year and the same period in 2026. On credit cards, the fraud rate reached 0.14% of the amounts transacted in the first half of 2026.

Brazil: more cases and more impersonation

In Brazil, BioCatch said the country recorded 2,261,055 fraud cases in 2025, an average of 258 per hour, and that since 2018 reported fraud has grown by nearly 430%. The company added that its clients in Brazil reported an approximate 140% increase in impersonation scams and about a 340% rise in fraud tied to stolen mobile phones.

Bogotá and messaging alerts

In Colombia, Bogotá’s District Security Secretariat warned about a digital fraud scheme in which attackers send messages about a "pending payment" or "pending transfer" that lead to a fake page used to steal information and gain access to accounts. The official alert recommended not opening suspicious links and verifying financial notifications directly in the official Nequi, Davivienda, or Bancolombia apps, or through their formal channels.

A report by HSB Noticias also said that during the first half of 2025, more than 300,000 claims for digital fraud were filed in Colombia’s financial system. That coverage identified phishing, smishing, vishing, deepfakes, and SIM swapping as the main tactics, and said banks are strengthening multi-factor authentication in response.