<ul><li>Scam-related fraud increased by 56% in 2024, surpassing digital payment fraud.</li><li>Financial losses from scams rose 121%, accounting for 23% of all fraudulent transactions.</li><li>Fraudsters exploit vulnerabilities in human behavior and use deceptive tactics to manipulate individuals into authorizing fraudulent transactions.</li><li>Financial institutions are investing in advanced technologies such as behavioral analytics and fraud score solutions to combat the growing threat of scams.</li></ul>

Scam-Related Fraud Jumped 56% in 2024, Surpassing Digital Payment Crimes

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