Events

Payments Fraud: How to Stop Cyber Perpetrators

More than 90% of consumers around the world rely on online payments, according to a research study. This, however, brings with it an increase in transaction fraud. Fraudsters are relying on synthetic IDs to carry out various card-related frauds.

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Social engineering is also increasingly becoming a deceptive tactic to trick people into divulging information. With so much going on, how can the payment industry tackle the new-age methods to reduce fraud?

The session will cover:

• The new forms of fraud tactics
• The shortcomings of the current defensive approach
• What needs to change in 2023