Each year, more than $1 billion is stolen from accounts at small and mid-sized banks across the U.S. and Europe. Unless the nature of the threat is recognized and addressed, this amount will only continue to grow.
This week, we released of our latest webinar, Fraud Moving Downstream: Navigating Through the Rough Waters Ahead.
Julie Conroy, research director at Aite Group and I team together to address this growing risk for regional and mid-sized banks, providing an overview of the current threat landscape and explain how the existing conditions are creating the perfect storm for fraudsters. Key topics discussed in this webinar include:
- How Regional Banks are Enhancing Online Offerings: Regional banks are responding to customer demand for more offerings, especially mobile banking options, which exposes them to new threats.
- The Rise in Sophisticated Fraud Attacks: Fraud rings and other new attack types (malware, man-in-the-middle, man-in-the-browser, etc.) are occurring at a higher rate than ever and pose serious threats to regional banks that lack strong, multi-layered defenses.
- Regional Banks’ Lack of Resources: Second and third tier banks have less manpower and less sophisticated solutions in place, which makes reviewing transactions and identifying repeat and cross-channel attacks incredibly difficult.
You can access the on-demand webinar here.
Also be sure to check out our infographic that illustrates this growing threat of fraud for small and mid-size banks, found here.