FP trendFebruary 15, 2021 7:35:32 PM IST
According to the Kaspersky Fraud Prevention report, account acquisition incidents in the financial industry increased 20 percent in 2020 compared to the previous year.
According to anonymous statistics of events detected by Kaspersky Fraud Prevention from January to December 2020, the proportion of incidents of this type increased from 34 percent in 2019 to 54 percent in 2020, of which two schemes to gain access to an account banking ‘the rescuer’ and ‘the investor’ remained common since 2019.
Claire Hatcher, Business Development Director at Kaspersky Fraud Prevention, said solutions for the financial industry must provide a high level of security measures that must include fraud protection that is seamlessly integrated into the user experience and is worth It is worth regularly reminding customers about scammers. ‘techniques so that they are likely to notice something.
As a result of the pandemic, the importance of e-commerce and digital financial services increased in 2020 and people were spending more time at home.
According to the team, there were two common types of approaches used by attackers to gain access to accounts in which the first tactic sees scammers disguised as ‘rescuers’, where they pretend to be security experts and perform ‘save’ scenarios. users, while the second example is when cybercriminals act as “the investor” by posing as employees of an investment firm or an investment consultant for a bank.
According to the report, criminals call clients and offer them a quick way to earn money by investing in stocks or cryptocurrencies directly from the client’s account, without having to go to a bank branch.
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