This site uses cookies to improve your browsing experience, gather site analytics and activity, track shopping cart contents, and deliver relevant marketing information.
View our privacy policy and manage your settings here. By using our site you agree to these terms.

Faces of Fraud 2019

Balancing Trust and Technology to Combat the Evolving Fraudster

Cybercriminal fraud attack strategies continue to evolve faster than traditional defense solutions can keep up. That is the clear message from ABA endorsed anti-phishing provider Cyxtera’s 2019 Faces of Fraud report, conducted in conjunction with the Information Security Media Group. The survey is the result of interviews with security professionals from over 150 financial institutions about what threats they are seeing in the field, and what measures they are taking to stop them.

Some key findings include:

  • 79% of banks say fraud attack volume increased or stayed steady
  • 70% of banks say financial losses from fraud increased or stayed steady
  • 34% of banks say their top anti-fraud gap is an overreliance on manual processes

​Questions? Please contact Steve Polestak for more information.