- 79% of banks say fraud attack volume increased or stayed steady
- 70% of banks say financial losses from fraud increased or stayed steady
- 34% of banks say their top anti-fraud gap is an overreliance on manual processes
Cybercriminal fraud attack strategies continue to evolve faster than traditional defense solutions can keep up. That’s the clear message of Cyxtera’s 2019 Faces of Fraud report, conducted in conjunction with the Information Security Media Group. The survey is the result of interviews with security professionals from over 150 financial institutions about what threats they are seeing in the field, and what measures they are taking to stop them.