Like all industries, financial services dealt with massive increases in digital usage during 2020, which in turn led to spikes in fraud as well. As homebound people the world over went online for shopping, entertainment, education, socializing, remote work, and more, this led to an increase in attacks as fraudsters attempted to blend in with good users. With more people online at all hours of the day, typical models of what good and bad behavior looked like were thrown out the window.
Download our Q1 Financial Services Fraud Report to learn:
- How fraudsters carried out loan application and stimulus fraud
- Where attacks against financial institutions were launched from
- How financial firms can stop both bot and human-driven attacks