Card fraud projected to rise 21.5% as AI-linked fraud bites

2024 data from Merchantsavvy projects[1] that fraud related to payment cards will rise by 21.5% to hit $43.47 billion by 2028 as new forms of fraud such as Synthetic ID, Account takeover and others start to bite.

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[1] Merchantsavvy, February 2024: Payment Fraud Statistics 2024