AI-enabled financial fraud detection spend to exceed $10 Billion by 2027

A new study from Juniper Research has found global business spend on AI-enabled financial fraud detection and prevention strategy platforms will exceed $10 billion globally in 2027; rising from just over $6.5 billion in 2022. Growing at 57% over the period, the report predicts that as fraudsters become more sophisticated in their attacks, merchants and issuers will…

1 in 3 Europeans experienced identity theft in last two years

Identity theft is expanding rapidly, causing substantial financial loss to millions of people all around the world. This invisible crime is also widespread across the European countries, where a growing number of consumers are being targeted by sophisticated scams each year, both offline and online. That's according to data gathered by Finanso.se which shows 56%…