<ul><li>Global fintech Revolut has prevented over $13 million in potential losses in the last three months using its crypto-specific measures and transaction monitoring to tackle criminal activity.</li><li>Revolut, with over 45 million customers worldwide, has enhanced its crypto-specific security measures to protect customers from fraud and has stopped around $13.5 million in potential fraudulent transactions from its platform.</li><li>The company's proactive approach aims to prevent crypto fraud at the source, using measures such as selfie verification, biometric assessments, and real-time transaction monitoring.</li><li>Despite these efforts, the industry continues to face challenges, with phishing being the costliest type of scam, resulting in over $343 million in losses in the third quarter of 2024.</li></ul>

Revolut’s Crypto Security Measures Prevents $13.5 Million In Potential Losses

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