Account takeover named top fraud risk for businesses
Fraud losses and customer experience are top-of-mind for financial institutions, according to the "2021 Fraud Transformation Survey: Detecting and Preventing Emerging Schemes" from BioCatch, a study independently conducted and prepared by Information Security Media Group.
Based on a global survey of financial institutions, the report reveals the fraud threats creating the most concern and financial impact, the changing role of fraud management within organizations and the business challenges driving investment in new fraud prevention technologies. The survey polled fraud and cybersecurity professionals at more than 175 financial institutions across the globe and was conducted between July 1 and August 20, 2021.