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First-Party Fraud Growing Threat: Visa Reveals Over 9 in 10 Businesses Are Impacted

August 11, 2023

First-party fraud can appear in a variety of different ways. In the financial sphere, it can look like someone applying for a loan, knowing they won’t pay it back or filing a false chargeback claim. However, it is not limited to the financial industry. Examples of first-party fraud include:

  • A gym-goer forgetting to cancel their membership.
  • A customer claiming that an order never arrived or arrived damaged.
  • Someone blaming their child for making a purchase on their parent’s device.

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