US Card Skimming Grew Nearly 5x in 2022, New FICO Data Shows
FICO
FEBRUARY 16, 2023
Using real-time, two-way customer communication capabilities in the channel of customer choice (whether text, email, phone, or in-app messages), FIs can confirm whether a specific transaction was initiated by the consumer or whether it was a fraudster. Banks should deploy fraud checks prior to authorizing any purchase or payment transaction.
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