US EditionWhy payment fraud is surging and how to stop it
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Why payment fraud is surging and how to stop it
In early 2025, Block—the parent company of Cash App—agreed to pay up to $255m to settle claims that criminals had used its platform for scams and money laundering due to insufficient anti-fraud controls. According to Resistant AI, unfortunately, this scenario is far from unique. Payment fraud has become a systemic threat, often beginning during onboarding when fraudsters use fake or stolen documents to gain access. Once inside, they exploit plat…
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