Top 3 Most Damaging Frauds in Online Banking

Online banking scams are thriving as never before. Driven by the accelerated digitalization fraudsters are working heavily on scaling their attacks on both businesses and end users, regardless of the channel. The US Based Insurance Information Institute notes that in 2019 consumers reported losing more than $1.9 billion related to fraud complaints, while Statista notes fraud losses amounting to 112 million British pounds in 2019.
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