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Keyboard, Application Fraud

Sophisticated Attacks Shift Away From FIs in Second Half of 2020: NuData

Keyboard, Application FraudCredit Union Times | March 31, 2021 – However, application fraud is expected to cost financial institutions $4.1B by 2023, a new report says. Consumers have been shifting to online banking during the pandemic. As a result, online login traffic increased by 10% year over year in the financial industry in 2020, leading to an increase in application fraud. This type of fraud is expected to cost financial institutions $4.1 billion by 2023. For the complete article, see Sophisticated Attacks

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Cybersecurity, locked screen

7 Tips to Secure the Enterprise Against Tax Scams

Cybersecurity, locked screenDark Reading | March 18, 2021 – Tax season is yet another opportunity for fraudsters to target your company. Here’s how to keep everyone in the organization on their toes. It’s critical that security teams protect employees across all endpoints to ensure they don’t fall victim to a phishing attack or download a malicious attachment that compromises the organization’s entire security posture. Robert Capps, vice president of emerging technologies at NuData Security, adds “Fraudsters will try to threaten companies with

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