Revolut Says Company Has Prevented $621,880,000 in Potentially Fraudulent Crypto and Fiat Transfers
Digital banking app Revolut says the company blocked more than $621 million of suspected fraudulent crypto and fiat transfers in 2023.
In a new Revolut blog post, the company is highlighting the security measures it takes for its more than 45 million customers banking with them more than $23.7 billion of their wealth.
“In 2023, we saved customers an estimated £475 million [or $621,880,000] in potentially fraudulent crypto and fiat transactions – we mean it when we say we take security seriously. That’s why we have protections in place, from monitoring patterns of suspicious activity to using two-factor authentication. And we have award-winning, expert support available 24/7 to help you if any issues do arise.”
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