Scams Capture 22.4% of Fraud Dollars as Banks Adjust Defenses

T2Covered by 1 source · first reported by PYMNTS at 16 Oct, 08:00 UTC

Banks have an opportunity to strengthen fraud prevention by looking more closely at payments that arrive with a valid login or a customer’s approval. That’s the central implication of the third key finding in “Scams Get Personal: Why Banks Pay More to Fight Fraud,” a PYMNTS Intelligence report in…

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Sources

• T2Scams Capture 22.4% of Fraud Dollars as Banks Adjust DefensesPYMNTS16 Oct, 08:00