[BioCatch in nocash] Scammers steal €5.14 billion from French online-banking customers in last year. The sum equivalent to 0.2% of the nation’s GDP.

According to a new report, French consumers lost €2.92 billion less (€5.14 billion total) to scammers in 2024 than they did a year ago (€8.06 billion). While that represents a more than 33% decline, it still means the French lost a sum equivalent to 0.2% of the nation’s GDP to scams in the last year alone. The findings from the Global Anti-Scam Alliance (GASA) and BioCatch – the global leader in digital fraud detection and financial crime prevention powered by behavioral intelligence – show a nation making progress in its fight against scams but still suffering greatly from an onslaught of attacks.

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