Wire fraud up 18% since SVB collapse

The collapse of Silicon Valley Bank opened a door of opportunity for fraudsters to take advantage of bank clients who have recently moved money or switched bank accounts — and banks are warning their clients to be cautious. Fraud prevention fintech CertifID has reported an 18% increase in fraud cases since March and has protected […]

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• Source: https://bankautomationnews.com/allposts/risk-security/wire-fraud-up-18-since-svb-collapse/