Credit, debit card fraud losses reached $21.84 billion in 2015.BY 2020 BLOMBERG predicts it will grow by 45%!
With advances in computer technology and e-commerce also comes increased vulnerability to fraud. Hackers are continuously finding new ways to target undeserving victims, from stolen credit card details to false accounts. Any business or individual who uses online payment sources is open to fraud. This is proving detrimental to online businesses who foot a high proportion of the bill.
We tract credit card fraud transactions using machine learning and help organisations mitigate risks.
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