Tagged: axcess financial

Financial Crime Carried Out by Stealing Banking Customers’ IDs Increased by 15% (from 2018) to $16.9 Billion in 2019: Report

The use of stolen and synthetic identities to carry out fraudulent activities increased significantly in 2019, and the COVID-19 crisis might be making the problem even worse, according to a recently published  Identity Fraud Report from Javelin Strategy & Research. Financial losses due to identity… Read More

Digital Banking Adoption Could lead to More Cyber Attacks and Security Issues, FBI Warns

The US Federal Bureau of Investigations (FBI) has warned that there could be an increase in financial crime due to the rise of digital banking. The warning is a reminder from the FBI that mobile banking providers and financial institutions must protect their clients from… Read More

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