Image Source: AsiaOne
Feedzai’s Financial Crime Report: COVID increases fraud rate by 60%GlobeNewswireNovember 24, 2020Top 3 Global Fraud Contributors in 2020: Card cloning, High-Speed Ordering/Spending, and High-Risk Merchant Category Code34% increase in card cloning fraud rate across industries and regions13% increase in sporting goods purchases compared to last holiday season due to social distancing and prohibited indoor gatherings36% decrease in fuel purchases compared to Q1 and 89% Drop in Transportation Sector Transactions75% of customers plan to maintain new digital banking habits
Source: AsiaOne