This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
02/11/2021
Fraudulent transactions owing to account takeover increased significantly in 2020: Report
Business Line
Cybersecurity incidents of fraudulent transactions owing to cybercriminals taking over a user’s account increased significantly in 2020 as compared to 2019 according to a report by cybersecurity firm Kaspersky.
As per the report by Kaspersky Fraud Prevention, every second fraudulent transaction in the finance industry in 2020 was an account takeover incident i.e. when a cybercriminal gains access to user accounts and takes over.

Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information