When US$1,000 Can Cause US$2.5 Million in Monthly Business Losses from Fraud

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The story "When US$1,000 Can Cause US$2.5 Million in Monthly Business Losses from Fraud" was covered 2 weeks ago by Fintech News Malaysia, a news publisher based in Malaysia.

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Fintech News Malaysia 2w ago

When US$1,000 Can Cause US$2.5 Million in Monthly Business Losses from Fraud - Fintech News Malaysia

Quick Summary:

Many will agree that the economics of fraud have shifted dramatically, making it more affordable than ever for fraudsters to execute large-scale operations with minimal investment.

Today, anyone can access the resources needed to launch fraudulent schemes, regardless of their technical expertise.

Sumsub, a global full-cycle verification platform, coins this trend as the "democratisation of [...]