Five data breaches that occurred earlier this year pose the greatest risk for scams relating to the ongoing COVID-19 pandemic, according to the inventor of a cybersecurity algorithm.
June 2, 2020 : Credit Union Times
Fraudsters are likely now in possession of sensitive personal information and are figuring out ways to exploit this through many means including opening new accounts, taking out loans, filing returns among other damaging actions. The heads of fraud operations at financial institutions (FIs) and corporations are at the focal point of this fluid situation as they’re now expected to raise their defenses to protect the interests of their customers