PRIVATE-PUBLIC COOPERATION KEY TO FIGHT GROWING FRAUD, GLOBAL ANTI-SCAM SUMMIT HEARS
December 16th, 2024
Financial institutions, social media platforms and regulators are meeting to boost data sharing and collaboration to counter the international surge in fraud. Paul Cochrane reports on the Global Anti-Scam Summit (GASS) Americas 2024.
Fraud is on an upward trajectory, with an estimated USD1.03 trillion lost globally to swindles over the past year, according to the 2024 Global State of Scams report by the Global Anti-Scam Alliance and anti-fraud tech company Feedzai (1). In the UK, online fraud cost consumers GBP11.4 billion (USD13.8 billion) over the past ...
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