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, giving cybercriminals new opportunities to exploit.
These criminals have adapted their tactics to keep pace with the advancements in financial technology, resulting in a significant increase in financial crime victims. Shockingly, 41% of high-net-worth individuals have fallen prey to such crimes in the past year alone. Even more concerning is that over a third of these victims were targeted within the last six months.