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Fraud outpacing digital payments growth in Sri Lanka, warns Novus COO
From Daily Mirror ·
Headline from Daily Mirror
1 outlet · 1 report · latest EN 1English 1 · all privateOwners: all private.
Photo: Daily MirrorAI summary · 1 min read
1 min readFrom 1 outlets- Daily Mirror reports that payment fraud increased at nearly five times the pace of transactions last year.
- Daily Mirror attributes the warning to a senior Novus payments executive.
- Daily Mirror reports that scam syndicates are using AI and taking advantage of banks’ isolated fraud controls.
Daily Mirror reports that a senior payments executive at Novus warned that fraud involving digital payments in Sri Lanka grew at nearly five times the rate of transaction activity last year.
Daily Mirror reports that the executive attributed the trend to scam networks using artificial intelligence and banks handling fraud separately. The report gives no further figures or details about particular incidents.
Based on: Daily MirrorWritten by AI from Daily Mirrorthese outlets’ reports. Not reviewed by an editor. It can be wrong — the original reports are the authority. .
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