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Nawal
•

SELF • 1y

‼️ A $486-Billion Global Scam ? In 2023, financial fraud reached $485.6 billion, nearly matching Singapore’s GDP. Payments fraud, driven by tactics like banking trojans, makes up 80% of these losses. Credit card fraud adds another $28.6 billion.

Anonymous 2

Hey I am on Medial • 1y

For startups in fintech/payments space (otherwise too ofc), this should be a deafening wakeup call. Cutting corners on security and compliance is a death sentence in this environment. AI fraud detection, secure coding practices, and partnering with regulators/law enforcement has to be the top priority from day 1.

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Nawal
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SELF • 1y

Exactly hope they start working on security as much as they in marketing

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