Banks are reporting a ten-fold surge in digital scams, cybersecurity firm BioCatch says

By CNBC | Nov 13, 2024 at 09:00 AM EST

BioCatch, a cybersecurity firm from Tel Aviv, reported a tenfold surge in digital scams for U.S. and Canadian banks. Criminals are increasingly using social engineering tactics to dupe customers into sending money, with Zelle being a favored platform due to its speed.

Did you find this insightful?

Bad

Just Okay

Amazing

We are preparing, please wait

New Alert

Select an alert type

Sentiment Spike

Send email alert if news sentiment changes significantly

Mentions Spike

Send email alert if has a surge in mentions

Choose sentiment spike or mentions spike or both to receive email alerts and app notification for the selected stock.
Note: Please be aware that you will receive an email only once a day, around 8:00 AM (EST), in the event of any spike.
In future if you don't want to receive any email then delete stocks added into alert section.