Companies are losing an average of 7% of their annual expenditure to fraud, costing the UK £110 billion a year, and £3 trillion globally (1). In particular, applications fraud and contactless payments fraud are rapidly increasing, with Covid-19 creating a fertile ground for fraudsters adapting their tactics online.
Thankfully, the field of real-time fraud detection has become even more sophisticated, scalable and cost-efficient.
In our latest webinar, Datatonic and Google Cloud explain:
(1) Financial Cost of Fraud 2018 report – Analysis of 40 types of expenditure with a total value of £15.59 trillion in 49 organisations from 10 countries.
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