Fraud is an insidious threat to your institution and your members. And it is on the rise. In fact, research cited by CertifID projected that cybercrime costs will top $2 trillion this year. The FBI claims that companies have lost an estimated $12.5 billion globally to business email compromises alone.
And, securitymetrics.com projected consumers will experience "large-scale social-media-based hacks that lead to massive data losses," compromises in biometric data and a serious breach at a "major cloud storage provider" – all in 2019.
Here is an overview of today's top fraud trends – and how to fight them with proven tools and strategies:
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