What is a Transaction Fraud Explained: Types, Impacts, and Transaction Fraud Detection
In 2020, the world moved online, and the pandemic kicked industry demand into overdrive. Seemingly overnight, entire organizations yielded to the mandates pushed by health professionals, encouraging anyone not already online to make an account or two. That year, transaction card fraud totaled around $149 million in losses in the US and has only increased since then, up to $48 billion globally.