Payment fraud attack rate across fintech ballooned 70% in 2021

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 index reveals that the payment fraud attack rate across fintech ballooned 70% in 2021—making it the highest increase across any vertical in the network. The increase in payment fraud also correlated with massive 121% growth in … More →

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