Financial Fraud and Internet Banking: Threats and Countermeasures

Financial fraud has many faces. Whether it involves swindling, debit or credit card fraud, real estate
fraud, drug trafficking, identity theft, deceptive telemarketing, or money laundering, the goal of
cybercriminals is to make as much money as possible within a short time and to do so inconspicuously.
This paper will introduce you to an array of threats facing banks and their customers. It includes some
statistics and descriptions of solutions that should give readers—whether they are responsible for
security in a financial organization or a customer—an overview of the current situation.

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