The sharp rise in scams has been hitting the headlines globally, with criminals using a range of increasingly sophisticated tactics to take advantage of individual and organizational vulnerabilities.
The Federal Trade Commission reported US consumers lost $3.3 billion to fraud in 2020, with nearly $1.2 billion lost to imposter scams alone. The same effects are felt across the globe.
In this short video, Fraud Expert Roger Lester answers the question “why has there been such a big rise in financial fraud?”.
Featurespace are official supporters of International Fraud Awareness Week. Keep an eye on our dedicated fraud awareness page for more expert views from the team.
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About the speaker
Having joined Featurespace in 2015, Roger is a Fraud Matter Expert with a focus in payments on the acquiring side. He has worked in the industry for over 30 years across card issuing, card acquiring and card processing. Roger has a wealth of knowledge across several key areas i.e. fraud, chargebacks, customer services, collections etc but mostly in the area of risk.
