What are the most common fraud attacks globally? Friendly f | Argenta Solutions Fintech

What are the most common fraud attacks globally?

Friendly fraud is a type of fraud where the customer requests a chargeback from their bank after receiving a purchased product or service.

Card testing is a type of fraudulent activity where someone tries to determine whether stolen card information is valid so that they can use it to make purchases.

Phishing is a type of social engineering where an attacker sends a fraudulent (e.g., spoofed, fake, or otherwise deceptive) message designed to trick a person into revealing sensitive information or to deploy malicious software on the person's infrastructure.

Account takeover fraud happens when a cybercriminal gains access to a person’s login credentials to steal funds or information. Fraudsters digitally break into a financial bank account to take control of it, using a variety of techniques such as phishing, malware etc. 

The infographic gives an overall view of the most common types of fraud attacks at regional level.