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03/12/2020

New financial fraud attacks detected 'every two minutes'

Techradar.pro

Cyberattacks involving financial fraud saw a huge increase in 2019, a new report from Palo Alto Networks has revealed.

The company uncovered over 59,627 cases of fraud worldwide last year, including phishing, trojan horse attacks, mobile application fraud and brand abuse.

Phishing fraud, where users are deceived in sharing their details either by email, phone call or SMS, accounted for over 47% of all attacks. 

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