In just the past quarter, the number of bank fraud attacks on banks ballooned by 159 percent. The number of transactions grew by 410 percent in just a handful of weeks. The report advises banks to shore up fraud detection, prevention and mitigation in order to stop what is only going to be an increasingly substantial problem, the report said. The rise in bank fraud also follows repeated, despicable, attempts to exploit COVID-19 to help pull off fraud, experts said.
Source: https://threatpost.com/banking-attacks-surge-along-with-post-covid-economy/166612/