It comes as no surprise; fraud is on the rise. But the extent to which organizations and customers are being affected is unsettling. According to a recent FTC report, Americans lost more than $10 billion in fraud in 2023, up $1 billion over 2022 numbers. And many of these losses came as a result of banking transactions. According to the report, consumers lost more money to bank transfers and payments than any other method.
It's clear, the numbers and impact on financial services are staggering. As an industry, we must find ways to effectively fight back. And the first step in fighting back is ensuring a thorough understanding of what we're facing.
SFE's 2024 Annual Conference & Expo, Digital Directions, will provide you with all the latest information on fraud trends and risk mitigation efforts. With an entire Education Track dedicated to "Fraud & Risk," the event will provide in-depth review and analysis of key fraud and risk topics like:
Digital Directions takes place April 15-17, 2024, at Perdido Beach Resort in Orange Beach, AL. Registration is now open, but early bird rates end March 15.
Make sure you register today to stop atop of the risk and fraud trends that could impact you tomorrow,
Read this and more in the latest edition of SFE's Weekly Newsletter.