The Visa Scam Disruption Department has identified fraud attempts totaling 1 billion dollars, of which 260 million are in Europe.
Raluca Ioana Draghici
Economy
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Visa created the Fraud Prevention Department a year ago, aiming to identify and prevent fraud. During this time, attempts at fraud worth over 1 billion dollars have been discovered, of which 260 million dollars were in Europe. By collaborating with clients and authorities worldwide, the department has managed to prevent the activities of over 25,000 fraudulent merchants, thus demonstrating the effectiveness of the implemented security measures.
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