consumer sentiment

Nearly 90% of businesses saw up to 9% of revenue lost due to fraud

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Nearly 90% of businesses saw up to 9% of revenue lost due to fraud

A new survey by Veriff has shown that fraud attempts have increased this year, contributing to financial repercussions. Almost 90% of respondents report that their organization saw as much at 9% of revenue lost as a result of fraud. This suggests that companies making $100 million per year could potentially lose $9 million annually from fraud.  Key findings from the survey include:  Nearly 87% report a rise in online fraud as of April 2024. Only 1.19%…

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Security isn’t convenient, and that’s a big problem in the age of AI

Posted on by Admin
Security isn’t convenient, and that’s a big problem in the age of AI

Security isn’t convenient. For most of us, traditional cybersecurity protocols like CAPTCHAs, two-factor authentication and passwords can feel like barriers that stand in the way of productivity. Whether that’s making a purchase, accessing workplace data or trying to log into an app that you were inadvertently kicked out of — we want what we want, we want it now and we often want it at the expense of our own data security and privacy. In…

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