Michael Bonaventura explains why digital fraud is on theincrease and what can be done to prevent it
It’s a sobering thought that spending on eCommerce sites in 2021 will be around $5 trillion. More broadly, the Financial Action Task Force (FATF), the intergovernmental organisation tasked with developing policies to combat money laundering, estimates 60 percent of world GDP will be digitised by the end of 2022. Like all markets, these digital markets are built on trust. Without it, merchants and individuals are exposed to a wide range of risks from the obvious . . .