For many, COVID-19 has been a crushing catastrophe. But for bank scammers, it’s shaped up to be a nice little money-making opportunity.
As the post-pandemic economy roars back to life, cybercriminals are using a new whirlwind of transactions as cover to launch an extraordinary number of bank fraud attacks. In just the past quarter, the number of attacks on banks ballooned by 159 percent.
As the U.S. passes the halfway mark for the number of adults getting at least one dose of the COVID-19 vaccine, economists at Feedzai said overall spending has heated up in parallel.