Cyber-Forensics.net
Cyber Forensic Specialist
Digital banking frauds account for 33% of all digital crimes in the United States. Experts say the right adoption of technology can help evade severe damage.
— Timothy Benson
SOFIA, BULGARIA, August 19, 2022 /EINPresswire.com/ — Digital transformation in banking has accelerated partly due to the pandemic and partly because of multiple players in the market focusing on digitization. Governmental policies and new startups have led to a surge in revolutionizing the financial landscape.
However, with technological advances, scammers have their plans to advance too. Fraudsters are busier than ever. Digital platforms have allowed them to identify various money-making techniques. And online fraud is becoming more and more frequent.
As per the latest media reports, scammers target online bank customers, convincing them to give out their internet banking details, mobile numbers, and OTPs to carry out various fraudulent transactions.
Cyber-Forensics.net, a cyber forensics service for online scam victims, says that until a few years ago, digital banking fraud was a small industry where scammers just stole modest sums.
But today, digital banking fraud has become an enormous liability, causing billions of…
