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Mitigating fraud risk : effective strategies for small financial institutions

In 2023, the Canadian Anti-Fraud Centre reported a staggering $554 million in victim losses related to fraud and cybercrime — nearly 5 per cent more than what was reported in 2022, which in itself was a 40% increase from 2021. The landscape of fraud prevention is constantly evolving to keep up with fraudsters’ ever-changing tactics. As financial in...

22 February 2024 /payments /crime Transaction Fraud Systems and Analysis