Fraud attacks are now on the rise, with malicious actors launching targeted phishing and malware attacks, capitalizing on the Coronavirus pandemic. Having a strong cybersecurity strategy in place has never been more critical.
The majority of financial institutions have made the digital transformation – offering online banking through their website or on mobile applications.
It's one thing to defraud a bank and its customers, but it is quite another for cybercriminals to get away with it. Read more
Cybercriminals are nothing if not persistent.
A large financial institution with a global presence has been experiencing a series of sophisticated malware injection attacks – despite the steady failure rate, the cybercriminals behind the attack campaign continue to persist. Read more
In an increasingly digital age, both attacks and security are also increasingly digital. However, what about institutions that cannot digitize their transactions? Read more
There’s been a lot of chatter recently about Millennials and their overall impact on the global economy. Read more
At the ISMG Fraud Summit in London last week, ISMG’s Tom Field, Vice President of Editorial, offer attendees a preview the yearly Faces of Fraud survey, which looks at how the impact of rising retail point-of-sale Read more
One of the most worrying kinds of fraud that financial institutions face today is related to dormant accounts. As background, accounts are classified as dormant when there is no financial activity Read more
Although it is difficult to calculate the exact amount of money lost to cyber fraud each year, it is clear that European cyber fraud is on the rise. European card fraud losses increased over 6% Read more