The payments industry is undergoing rapid change, fueled by technological innovation and a growing appetite for seamless financial experiences. By 2028, global payments transaction values are predicted to reach almost $16.7 trillion. This expansion is good news for businesses and consumers alike, but it also brings new vulnerabilities and makes payments platforms increasingly attractive targets for fraudsters.
A recent report from Veriff shows that payment-related fraud is accelerating at a dramatic pace. In 2025, there was an 89% increase in attempted fraud within the payments sector, catapulting it from a moderate to high-risk environment. What’s behind this alarming trend? The rise of AI-driven threats is central, as fraudsters employ advanced tactics like deepfakes and digitally altered documents to bypass traditional security methods.
Understanding the risk landscape
Fraud in…
CLICK HERE to read the FULL The future of payments: Fighting the 89% surge in fraud article.
Use a Virtual Private Network (VPN) if you absolutely must access sensitive accounts while traveling, as this creates an encrypted “tunnel” for your data to pass through safely.