Tagged: axcess financial

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

July 6, 2020 @ 7:47 am By Omar Faridi |

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

Read more in: Fintech, General News, Global | Tagged axcess financial, banking fraud, coronavirus, covid-19, crime prevention, cybercrime, financial crime, fraudulent activities, identity fraud

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

June 13, 2020 @ 10:39 am By Omar Faridi |

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

Read more in: Fintech, General News | Tagged aite group, axcess financial, coronavirus, covid-19, cybercrime, cybersecurity, digital banking, fbi, federal bureau of investigation, financial crime, mobile banking, online banking, scams