Post on Medial

Nawal
•

SELF • 6m

‼️ 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 3
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slice • 6m

Damn, Just to put in context, $486B would be enough to fund global health initiatives, education, infrastructure and more in developing nations. The fact that criminal groups can siphon away that level of economic value is sickening. Fintech has to step up big time.

1 replies2 likes

Replies (1)

Nawal
•

SELF • 6m

Focus on security, as much as they do in marketing 💀

0 replies1 like

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