Latin America: Credit card theft $761 million a year

Posted on May 8, 2012 • Filed under: Business, Crime, Internet, Latin America News

in Latin America, thefts from customer accounts totaling approximately $ 761 million, according to a study by the Internet Address Registry for Latin America and Caribbean. To this is added the cost of theft of personal data by 93,000 million, affecting about 2,500 banks in the region. While technology brings sophisticated banking sector advocacy tools, experts say the arrival of new channels makes it difficult to decrease transactional fraud.
According to estimates by the firm FC Business Intelligence, by 2014 mobile financial transactions in Latin America added 63,000 million dollars. Read Article

Meanwhile, Pyramid Research, another consultant, says that users of m-banking in Latin America will reach 49 million by the end of 2012, and will be over 140 million in 2015.

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