Fraud remains a major threat, with over £570 million stolen in UK payment fraud in the first half of 2024. In the U.S., financial scams affected 30% of consumers in the past five years. New regulations requiring banks to compensate fraud victims have made fraud prevention a top priority.
In Scandinavia, 18% of Norwegians and 15% of Swedes experienced financial fraud or identity theft in the past year, impacting 800,000 people in Norway and 1.2 million in Sweden. Denmark saw fraud-related losses of Dkr627.4 million ($90 million) in 2023.
With fraudsters innovating, how are banks keeping up?
Watch experts discuss financial crime in payments and how banks can combat it. You'll gain:
- Insights into payment fraud trends and financial crime.
- Knowledge of advanced fraud prevention, including AI/ML techniques.
- Best practices for strong customer authentication and biometrics.
- Strategies for collaboration among financial institutions.
- Understanding of regulatory changes and their impact on fraud prevention.
