Shifting to Prevention: How Intelligence Can Stop Card Fraud in Its Tracks
Fraudsters are relentless in their pursuit, targeting physical cards, intercepting personal data, and exploiting online vulnerabilities, all with minimal risk and significant financial reward. In the first half of 2024 alone, unauthorised payment card fraud surged to over £275 million, marking a 7% increase compared to the previous year, according to UK Finance. While the risks associated with fraudsters are well understood, apprehending them remains a significant challenge.