Image courtesy of Banking Exchange
Digital attack rates on the Arkose Labs network rose 20% in Q1 2020, with payment attacks up 49% compared to the end of 2019. Writing in Banking Exchange, an Arkose Labs executive outlined how COVID-19 handed fraudsters a new socio-economic context to exploit, with financial institutions on the Arkose network seeing attack levels rise sharply in Q2 after an initial April dip. The piece argued that stopping account takeover in banking and fintech requires understanding how fraudsters plan, orchestrate and adapt their campaigns in real time.
