U.S., Canadian Banks Surge Scams
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Global Fraud Intelligence Tom PeacockCNBC
•Banks are reporting a ten-fold surge in digital scams, cybersecurity firm BioCatch says
86% Informative
U.S. and Canadian banks report ten-fold surge in digital scams this year .
Criminals flock to techniques that rely on duping customers into sending them money.
Banks have put in place more controls to prevent account takeovers and other forms of fraud.
Rise of "social engineering scams" began around five years ago , but "really started to take off" in the past 18 months .
VR Score
90
Informative language
92
Neutral language
50
Article tone
formal
Language
English
Language complexity
59
Offensive language
possibly offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
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Time-value
short-lived
External references
4
Source diversity
3
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