Digital Fraud Attacks Rise 17% in Financial Services, Driven by Payment and Account Creation Fraud
Fintech News
SEPTEMBER 22, 2024
Financial institutions around the world are facing a surge in fraud and cyberattacks. A new report by LexisNexis Risk Solutions explores the state of digital fraud, revealing a 17% increase in digital fraud attacks within the financial services sector in 2023. According to the report, human-initiated attacks in financial services rose to 1.2% last year, up 8% year-over-year (YoY).
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