The financial industry is particularly vulnerable to digital fraud. Untold trillions of dollars cycle between financial institutions (FIs) and customers around the world every day, and bad actors are eager to snatch some of those funds for themselves. Application fraud, which sees cybercriminals submitting financial...
Digital fraud continues to flourish, with recent surveys finding that security breaches have increased 67% since 2014 and 11% since 2018. Casualties of these breaches in the first half of 2019 alone include 4.1 billion personal records exposed in a variety of ways: 52% through...
