Tag: 2023 Fraud Trends
Vesttoo has revealed that the source of its now infamous LOC fraud scandal is external to the company.
Israeli FinTech Vesttoo has named Ami Barlev as its Interim CEO and closed a collateralised insurer amidst its fraud scandal.
US FinTech PULSE has extended its debit fraud protection deal with global analytics software provider FICO.
FinTech company Vesttoo has shockingly announced that it will be laying off 75% of its staff in wake of its fraud scandal.
Chargeback fraud, an ever-present issue affecting businesses of all kinds and sizes, results in losses totalling to billions annually. The surge in eCommerce has coincided with an increase in such fraudulent activities, and this alarming trend is expected to continue.