42% of UAE organizations report an annual increase in fraud, with digital channels causing more losses than physical ones.
42% of UAE organizations report a year-on-year increase in fraud, with digital channels causing more losses than physical ones. The LexisNexis True Cost of Fraud Study reveals EMEA businesses face fraud costs 3.9x higher than fraudulent transaction face values. In the UAE, organizations incur an average cost of AED$4.19 for every dirham lost to fraud, including financial losses, internal labor expenses, and external costs.
April 17, 2024
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