Cybercrime and malware are the top online fraud threatsfinancial institutions face today, and they’ll continue to top thelist of threats over the next two to three years, according to anew report from research firm Aite Group.

The report, “Online Fraud Mitigation: Tools of the Trade,” whichis based on interviews with 32 North American financialinstitutions and 40 fraud mitigation vendors, examines the originsof online fraud, the online fraud mitigation strategies in usetoday, the vendors in use today and fraud mitigation in the mobilechannel.

The majority of financial institutions interviewed, 56%, saidcybercrime and malware are the most powerful instigators of onlinefraud.

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Natasha Chilingerian

Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.