How to protect against tomorrow’s fraudsters, today
Published 1 month ago
Jay Floyd, Senior Principal Financial Crime Consultant at ACI Worldwide
Criminals will always find new ways to make money. Whether they defraud their victims through authorised push payment (APP) fraud and phishing attacks, or target vulnerable people job hunting during the pandemic, they are, sadly, the original opportunists.
Instances of fraud typically skyrocket in times of crisis. And having learned this the hard way during the financial crash of ‘08, the banks and financial institutions were ready for the uptick in attacks against merchants and APP fraud. And had proactively put a number of robust measures in action to protect businesses and consumers.