Automated Clearing House fraud accounts for about $6 billion in annual financial losses. IronKey founder Dave Jevans says banks and credit unions aren’t adequately addressing the threat by addressing the root problem: online fraud. 66 percent of banks say they have fewer than five staff members dedicated to fraud-prevention. He says banking institutions are not prepared for today’s and tomorrow’s cyberattacks. Jevan: We are going to see an increased level of fraud; it has been going up over the last 12 to 18 months.”]
Source: https://www.cuinfosecurity.com/ach-fight-starts-online-a-3389