From reactive to proactive fraud strategies
There’s no doubt in 2020 Fraudsters were rejoicing at the rapid shift to digital banking, while Financial Institutions contended with massive increases in fraud attacks. There was a 250% increase in online banking fraud attacks in 2020. Technology development, a growing number of online transactions, and a fast-paced lifestyle create new opportunities for cybercriminals. As an online merchant, you need to provide the highest level of payment security to assure your customers that their data are safe.