93% of attempted mobile transactions were found to be fraudulent, according to research
2022-04-17T00:00:00.000Z | Artificial Intelligence

With the rapid growth of mobile technology and the increasing popularity of mobile payment platforms, mobile transaction fraud has emerged as a significant concern for individuals and businesses alike. Recent studies have shown a shocking statistic: 93% of attempted mobile transactions were found to be fraudulent. This alarming rate raises serious questions about the security measures in place and the vulnerabilities of mobile transactions. In this article, we will delve into the causes and consequences of mobile transaction fraud, explore the methods employed by fraudsters, and discuss strategies to mitigate this growing threat.

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