Learn more about Online Bank Fraud

Apart from the huge health and economic crisis that the COVID-19 pandemic is causing, this situation is deeply affecting the global panorama of cyber threats. This is evidenced by a report carried out by Interpol in which they surveyed 48 member countries and 4 private partners of said institution in relation to the consequences that this pandemic is having on cybercrime.

If just a few years ago the figures related to the presence of cyber fraud in companies were somewhere around 15-20%, numbers that were starting to represent a worrisome problem, today the figures have risen to 49% of companies that are affected internationally, according to data from the PWC audit.

Individuals living in Latin America have been slower to take to mainstream banking. Culturally, there just doesn’t exist the same level of trust in banks and in digital channels to look after hard-earned money, as arguably exists throughout Europe and the USA. Instead, apart from the operations of larger businesses in the area, a large proportion of the population was used to conducting ...

Crooks never take a break – they’re always keen to commit crimes, keeping their eyes out for new opportunities and ways to swindle people. And this is exactly what we’ve been seeing over recent weeks, with the COVID-19 health crisis creating a proliferation of online fraud attacks.

While nations around the world are doing all that they can to lessen the impact of the coronavirus pandemic, fraudsters – true to form – have identified it as an opportunity to make money and are actively using COVID-19 as a way to cash.