Mass digital and mobile banking fosters surge in account takeover fraud

https://bankautomationnews.com/allposts/risk-security/mass-digital-and-mobile-banking-fosters-surge-in-account-takeover-fraud/
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The surge in digital and mobile banking adoption has led to an increase in fraudsters deploying more account takeover (ATO) attacks. Digital is a low-risk, high-reward environment for cyberattacks, Andy Renshaw, senior vice president at fraud and risk management company Feedzai, told Bank Automation News. Account takeovers increased threefold between 2019 and 2021, according to […]

https://bankautomationnews.com/allposts/risk-security/mass-digital-and-mobile-banking-fosters-surge-in-account-takeover-fraud/