70% Surge in Identity Theft: Is Your Bank the Next Target?
The United States Federal Trade Commission reported a staggering $5.8 billion lost to fraud in 2021, marking a 70% increase from the previous year. A significant portion of this surge is attributed to account takeovers, where fraudsters exploit vulnerabilities to gain unauthorized access to customer accounts.
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In this whitepaper, SLK Software examines the tactics employed in modern banking frauds, including phishing, credential stuffing, and social engineering. It outlines the implementation of FraudOps—a strategic framework that integrates real-time monitoring, AI-driven analytics, and cross-functional teams to swiftly identify and counteract fraudulent activities.
slksoftware.com
Are your current security measures sufficient to combat sophisticated fraud schemes?
Download the whitepaper to discover how SLK’s FraudOps approach can enhance your bank’s resilience against fraud.
