Collaborate Disseminate
59% of consumers are more concerned about becoming a victim of fraud now than they were in 2021, according to ac research released by Paysafe. Consumers across North America, Latin America and Europe are prioritising security over convenience when maki… Continue reading 62% of consumers see fraud as an inevitable risk of online shopping
Fraud is a persistent threat, and there’s no end in sight as the e-commerce landscape continues to evolve and the use of online payment platforms increases. According to one recent study, e-commerce merchants, consumers and financial service providers … Continue reading How financial institutions are improving customer experience with fraud prevention measures
Marqeta has released its 2022 State of Consumer Money Movement report looking at consumer payment, banking and shopping preferences, showing digital adoption is on the rise. The company surveyed of 4,000 consumers across three continents, including 1,0… Continue reading Contactless is reigning: Consumers can’t even remember their PIN
NICE Actimize has released a report that identifies and analyzes the leading fraud threats and patterns that impacted leading global financial institutions in 2021. Noting that banking fraud continues to rise, the data-driven research study found a 41%… Continue reading Popularity of online payment goes hand-in-hand with fraud
In this interview for Help Net Security, Reza Zaheri, CSO at Quantum Metric, talks about digital banking security and what can banks, as well as consumers, do to protect their assets and data in today’s digital payment world. Digital banking has … Continue reading Keep your digital banking safe: Tips for consumers and banks
Results from an Association for Financial Professionals (AFP) survey are encouraging, as 71% of organizations report having been victims of payments fraud activity in 2021, lower than the 81% reported in 2019 and the lowest percentage recorded since 20… Continue reading Organizations must be doing something good: Payment fraud activity is declining
Sift released a report, detailing the increasingly sophisticated — and often automated — tactics cybercriminals leverage to commit payment fraud. Derived from a global network of over 34,000 sites and apps and a survey of over 1,000 consumers, the inde… Continue reading Payment fraud attack rate across fintech ballooned 70% in 2021
The global transformation of banking and payments has only accelerated over the past few years, and between web trends and a global pandemic, the industry has seen disruption from all angles. Consumers are digitally connected in almost all facets of th… Continue reading Consumers demand a digital banking experience with security at its foundation
European merchants spent nearly €7 billion on fraud detection and prevention in 2021 alone – more than three times the value lost to fraud in the same year, CMSPI estimates. These practices are unsustainable for the continent’s merchants, who are curre… Continue reading Fraud detection and prevention costs merchants more than fraud itself
The global payment security market is expected to reach $54.1 billion by 2028, growing at a CAGR of 16.5% during the forecast period of 2021-2028, according to ResearchAndMarkets. The growth of this market is attributed to the increasing adoption of di… Continue reading Payment security market to reach $54.1 billion by 2028