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Why the current fraud model is broken, and how to fix it

December 28, 2022

Via: ComputerWeekly

Category:

BI Security

Digital fraud and risk teams seem to be locked in a perpetual game of catch-up. Every five to 10 years, new technology comes along which gives us an advantage, until the hackers and fraudsters evolve themselves – and so the cycle repeats.

Now they stand at another crossroads. Half (46%) of global organisations say they’ve experienced fraud over the past two years. And in the UK, losses on cards topped £272m in the first half of 2022 alone.

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