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Why Being Proactive Can Create Fraud Blind Spots

PYMNTS

Even the most aggressive fraud prevention efforts are often behind the times, so to speak – and that creates another vulnerability in the form of blind spots from which fraudsters can attack. Account takeovers are also a hotspot for fraudsters, to the tune of some $4 billion per year. “We

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UK Finance: Fraud is Down But Over £1billion is Still Stolen by Criminals – What’s Next for the UK?

The Fintech Times

The report found that card ID theft increased, with losses up 53 per cent to £79.1million, as many criminals reverted to stealing ID and falsely applying for new credit cards or account takeovers, were they not able to trick someone through APP. Purchase scams accounted for 67 per cent of the total number of APP cases.

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