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UAE retailers lose millions annually on payments fraud; consumers’ wallets impacted

By Puja Sharma

April 23, 2024

  • banks in UAE
  • Central Bank of the UAE
  • Cyberattacks
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Fraudulent activity driven by cyberattacks is also impacting shopper wallets. The average amount lost per customer is now AED3,250, a percentage increase of 270%, when consumers scammed in 2022 reported an average of AED880 Adyen, the global financial technology platform, has published a new research revealing the millions of Dirhams lost annually to cyberattacks in […]

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