In our last blog, we looked at 2022’s most prominent global payment fraud trends, including application fraud and synthetic identities, bot-driven DDoS attacks, brute force BIN attacks, and authorized push payment fraud

Payment fraud was at an all-time high ‍in 2022, as hackers and scammers took advantage of increasingly sophisticated techniques to access and exploit payment networks

With an increase in online payments volume, comes an increase in payment fraud. Many merchants have hurried to solve this problem, only to discover an even bigger challenge, namely the increase in falsely declined transactions which leave many shoppers frustrated enough to abandon their shopping journey altogether