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Cyberfraud/ID Theft - Banking Exchange
Generation Z has become the center of much attention and discussion among banking leaders
As we move into 2022, cryptocurrency and digital wallets will become even more attractive targets for the bad guys
In recent years, artificial intelligence (A.I.) has gone mainstream
ABA said the proposed program could make it easier for banks to fight fraud
Pseudo-anonymity and decentralization are main characteristics of cryptocurrencies
Fraud cases increased by 343 between 2020 and 2021
Other risks changing client practices raising visibility risk and cybersecurity risks among banks and third-party providers
There was a major increase in the sophistication and quantity of attacks targeting individuals, organizations, and critical infrastructure in the first six months of 2021
Money laundering and other types of financial crime have plagued the financial industry for years
Fed flags cybersecurity and operational resilience as priorities for large banks
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