article thumbnail

Pay with TRIO: The E-Commerce Breakthrough with Stablecoins.

Finextra

Projections indicate that global card fraud losses are expected to reach $40.53 billion by 2027, with e-commerce businesses alone anticipated to incur an estimated $48 billion in losses to online payment fraud in 2023.

article thumbnail

Pay with TRIO: The E-Commerce Breakthrough.

Finextra

Projections indicate that global card fraud losses are expected to reach $40.53 billion by 2027, with e-commerce businesses alone anticipated to incur an estimated $48 billion in losses to online payment fraud in 2023.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The Big Spike In ‘CEO Fraud’

PYMNTS

Phishing/vishing/smishing/pharming, non-payment/non-delivery, extortion and personal data breaches were among the favored attack patterns last year. As for the areas where scammers managed the biggest hits, business email compromise (BEC), confidence/romance fraud and spoofing were the top three types of crime in terms of monetary losses.

article thumbnail

One Out Of Five U.K. Firms Hit By Hackers Last Year

PYMNTS

Cyberattacks risk companies’ finances, confidence and reputation, with victims reporting not only monetary losses, but costs from disruption to their business and productivity. Companies are reporting a reliance on IT support providers to resolve cyberattacks.

article thumbnail

Retail Lease Defaults Have Ripple Effect

PYMNTS

The prepared retail tenant will be armed with hard data to back up its request to the bankruptcy court that the landlord be required to cure its breaches and pay all monetary losses before it is allowed to assume the lease,” it says. “In

article thumbnail

Know Your Customer (KYC): What It Is and How to Comply

Stax

Of course, financial criminal activity doesn’t have to just lead to monetary loss—it could also lead to a data breach of customer information. Not only is it significantly more time-consuming and costly, there’s also a higher risk of error and a data breach. trillion a year.

article thumbnail

Enhancing Security in Payment Processing for Atlanta Businesses

PayHawk

Beyond the monetary loss, there’s a risk of eroding the hard-earned trust of your patrons. Many challenges lie in the path of businesses, from potential data breaches to fraud attempts. From personal details to financial data, each transaction carries a payload of sensitive information.

Process 52