How global markets are adopting real-time payments
More than 70.3 billion real-time payments transactions were processed globally in 2020, a surge of 41 percent compared to the previous year, as the COVID-19 pandemic …
Fraudulent purchase attempts value increased 69% in 2020
The average value of fraudulent purchase attempts increased 69% in 2020, a recent Sift report reveals. Also, several business categories were hit by both major increases in …
As online fraud rises, 72% of retail brands expect to grow fraud teams
Retailers around the world are increasing their fraud teams and budgets because of a significant rise in all types of online fraud during the pandemic, a research by Ravelin …
The war against the virus also fueling a war against digital fraud
TransUnion’s latest analysis of global online fraud trends found that since the COVID-19 pandemic began, fraudsters are increasing their rate of digital schemes against …
With more than 400,000 crypto scams created in 2020, increase of 75% predicted for 2021
The findings of a Bolster report, along with real life examples, clearly correlate the rise in crypto scams to the value and popularity of cryptocurrencies as well as the …
Total combined fraud losses climbed to $56 billion in 2020
While total combined fraud losses climbed to $56 billion in 2020, identity fraud scams accounted for $43 billion of that cost. Traditional identity fraud losses totaled $13 …
How to stay ahead of the rise of synthetic fraud
While banks have been successful in reducing card fraud in recent years, a new and rising threat has emerged: synthetic identity fraud. By combining real and falsified …
Alarming number of consumers impacted by identity theft, application fraud and account takeover
A new report, developed by Aite Group, and underwritten by GIACT, uncovers the striking pervasiveness of identity theft perpetrated against U.S. consumers and tracks shifts in …
Business email compromise is a top concern for banks
Bottomline and Strategic Treasurer released the results of a survey that gathered details about corporate and banking experiences, actions and plans regarding fraud. Results …
The cost of synthetic fraud to reach new highs
A TransUnion research finds instances of synthetic fraud and outstanding balances for suspected synthetic accounts at U.S. financial institutions have declined significantly …
The first step in protecting ourselves is realizing that there’s a lot we can do to stay safe online
While the shift to a digital-first life was brought on by the global pandemic, U.S. consumers plan to keep it up – with online banking (61%), social engagements (56%), and …
Cybersecurity investments will increase up to 10% in 2021
A Canalys forecast predicts cybersecurity investments will increase 10% worldwide in the best-case scenario in 2021. Information security will remain a high priority this …
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