Online Fraud Losses Set to Skyrocket: $44 Billion in 2024 to $107 Billion by 2029, Study Finds
A recent study from Juniper Research has revealed alarming growth in the projected losses due to online fraud, highlighting a significant challenge for businesses and consumers alike.
Stanchion Payments joins PCI Security Standards Council
Source: Stanchion Payments
Stanchion, a global PayTech company and a pioneer of Payment Fabric Technology, announced today that it has joined the PCI Security Standards Council (PCI SSC) as a new Associate Participating Organisation.
Cryptocurrency Scams Account for Half of Fraud Losses
Cryptocurrency-related complaints made up just 10% of all financial fraud reports to the FBI last year, with 69,000 complaints. However, these cases accounted for a staggering 50% of the total financial losses.
Over a third of fraud attempts targeting financial institutions now use AI
Source: Signicat
Signicat, the European leader in digital identity and fraud prevention solutions, today announces a new report on the growing threat of AI-driven identity fraud in partnership with independent consultancy Consult Hyperion.
Mastercard Aims for 100% E-Commerce Tokenisation in Europe by 2030
Mastercard has set an ambitious goal to achieve 100% e-commerce tokenisation in Europe by 2030. This initiative aims to phase out manual card entry, making online shopping safer and more accessible for consumers and merchants alike.
Chase for Business survey reveals tech inspiration driving SMEs
Source: Chase
Leading financial services provider for small businesses, Chase for Business survey revealed it’s findings indicating continued optimism among small business owners and their growing willingness to invest in digital solutions.
Bank of England Urges Payment Firms to Enhance Operational Resilience
Payment companies have received a warning from the Bank of England regarding the necessity to enhance their readiness for upcoming 'operational resilience' standards set to be implemented next year.
Revolut releases Financial Crime and Consumer Security Report
Source: Revolut
Revolut, the global financial app with more than 40 million customers worldwide, has today announced the release of its first Financial Crime and Consumer Security Report, containing exclusive scam and fraud insights.
