Online financial services have provided customers with the flexibility to manage their finances according to their lifestyle. However, this convenience has also made them more vulnerable to fraud, giving cybercriminals new opportunities to exploit.
In response to emerging 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 have fallen prey to financial crime in the past year alone. What’s even more concerning is that over a third of these victims were targeted within the last six months. …