Payment fraud against fintech companies soars by 70%
The payment fraud attack rate (the rate of fraudulent transactions blocked out of total transactions) across fintech ballooned 70% in 2021—making it the highest increase across any vertical. That’s according to Sift’s Digital Trust & Safety Index, which details the increasingly sophisticated—and often automated—tactics cybercriminals leverage to commit payment fraud. According to Sift’s analysis, derived […]
