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Cyberfraud/ID Theft - Banking Exchange
COVID-19 has already proved its substantial impact on online-based fraud
During the pandemic, the cybersecurity risk faced by the financial services sector has grown in significance
Fraudsters are taking advantage of this time to target vulnerable populations and companies
What have we ignored in the economy, culture and technology because addressing developments would be difficult or uncomfortable?
Fraudsters have significantly expanded phishing campaigns to include COVID-19 messaging
Officials have dumped an enormous amount of money into the economy in a matter of weeks. That means the environment is ripe for fraud.
Without proper protections in place, these services can create risks and make sensitive customer information vulnerable
Half of IT professionals surveyed said their companies did not have enough staff or budget to adequately support cybersecurity efforts
Select Bank & Trust adds branches from Entegra, First Citizens completes purchase of MidCoast, and Evans nears completion of FSB acquisition
Complex regulations and required manpower are pushing costs higher, but fraud attempts are rising
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