2024 data from Merchantsavvy projects[1] that fraud related to payment cards will rise by 21.5% to hit $43.47 billion by 2028 as new forms of fraud such as Synthetic ID, Account takeover and others start to bite.
Read more about how Netcetera’s Identity and Access Management delivers best-in-class identity and access management solutions for banks, financial services providers and insurance companies.
[1] Merchantsavvy, February 2024: Payment Fraud Statistics 2024
The post Card fraud projected to rise 21.5% as AI-linked fraud bites appeared first on Payments Cards & Mobile.