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.
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.