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Banks, Businesses Can Win Fraud War

The 2011 Business Banking Trust Study surveyed 533 small and medium businesses with average revenue of $20 million. 61% of those victims experienced more than one incident of fraud in the last 12 months. The amount of online fraud is about the same as it was last year. The industry is not being proactive in detecting fraud, not yet anyway, says Terry Austin, President and CEO of Guardian Analytics. Austin: “Everybody is losing money from these cases. Nobody is immune immune to the cybercrime epidemic””]

Source: https://www.cuinfosecurity.com/banks-businesses-win-fraud-war-a-3572

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