DataVisor: High fraud rates in social networks
Fraud has not taken a holiday during the coronavirus pandemic, quite the opposite. Fraud rates have increased throughout the digital space, according to one new report, as fraudsters have sought to take advantage of gaps in protection that have been highlighted by the sharp uptick in both computer and mobile use during lockdowns and remote work orders.
The social space has been hit especially hard and may be fast becoming the fraudulent space. That is a key takeaway from DataVisor s new Digital Fraud Trends Report. According to their data fraud within social networks showed the highest increase as more consumers logged on, and many were unsure how to detect legitimate communication from fraudulent messages within the space.