Online financial services have provided customers with greater flexibility in managing their finances according to their lifestyle. However, this convenience has also made them more vulnerable to fraud, presenting new opportunities for cybercriminals.
In response to the advancements in financial technology, these criminals have adapted their tactics, resulting in a significant increase in financial crime victims. Shockingly, a recent report reveals that 41% of high-net-worth individuals fell victim to financial crime in the past year alone. Even more concerning, over a third of these victims were targeted within the last six months.