The rapid growth of online financial services has led to a corresponding increase in the risk of FinTech fraud. As innovative solutions emerge, so too do new avenues for cybercriminals to exploit. This article explores the nature of FinTech fraud, common types of attacks, and financial firms’ strategies to combat this growing threat. The Rising Cost of FinTech Fraud FinTech fraud has become a significant financial burden for the industry. A study by PYMNTS and...