Fraud is a crime that affects both people and businesses, and it’s more common than you might think. According to Motley Fool Money, in just the third quarter of 2024, over 290,000 cases of identity theft and 117,000 instances of credit card fraud were reported,...
The popular use of payment cards for transactions has opened the door to new forms of fraud: credit card skimming. In fact, according to The Business Research Company, the global payment card skimming market has surged from $3.16 billion in 2023 to $3.56 billion in...
These days, almost everyone transfers money, whether it’s to pay bills, send gifts, or handle business. However, these transactions aren’t always secure. According to the Coalition, funds transfer fraud has risen by 15% annually, with the total amount claimed...
Thanks to the digitalization of finances in recent years, digital wallets have become one of the most popular tools for users to manage their money without assistance. In fact, Capital One Shopping reports that globally, consumers are 127% more inclined to choose...
With the rise in cryptocurrencies, scams have become far more common, with reported losses reaching $679 million in just the first half of 2024, according to the Federal Trade Commission (FTC). Most of these scams result in total losses, particularly when there is a...
Fraud tactics have become increasingly complex and with the adoption of tools like “Buy Now, Pay Later” and “One Click Checkout”, new opportunities for fraud have emerged, largely due to the lack of solid regulations and merchants’ inexperience with these...