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How Bank Impersonation Scams Erode Customer Trust
Oct. 17, 2023, 3:16 p.m. |
BankInfoSecurity.com RSS Syndication www.bankinfosecurity.com
Each year, financial scams cost banks up to $400 million in losses. Despite heavy investments in anti-fraud technology, banks are struggling to protect customers. Bank impersonation scams continue to be the most widely used approach for duping banking customers, said cybercrime expert Al Pascual.
anti-fraud anti-fraud technology bank banking banks continue cost customer customers customer trust cybercrime expert financial fraud impersonation impersonation scams losses protect scams technology trust types
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