Every year, one in 10 adults falls victim to a scam or fraud1 – and the potential risks to the financial services industry are only growing. With the expansion of digital channels and changes in consumer behavior spurred by the pandemic, the opportunity for fraudsters has increased dramatically in recent years.
The good news is that there are ways to fight back. New strategies and approaches to manage fraud can help protect against these rising threats. To explore the emerging trends and discuss the latest tools that are available to minimize fraud risks, PULSE® sat down with Adam Davies, Vice President, Fraud Line of Business, at FICO®.
Listen to Davies’ perspective to learn what issuers and acquirers can expect in the year ahead and ways to confront challenges.
1 Federal Trade Commission