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Nawal

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SELF • 7m

‼️ 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.

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Anonymous

Anonymous 1

Stealth • 7m

The payments fraud stat (80% driven by banking trojans etc.) is especially worrying. That suggests deeply embedded, sophisticated malware and hacking tactics. Fraud has evolved well past simple card skimming or phishing. We need a new paradigm of secure payment infrastructure.

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