Love is in the Cloud as millions of people are looking to meet their match online. However, Cupid isn't the only one taking aim at people seeking love on dating apps during this time of year. Catfishers and scammers are on the prowl, taking advantage of those looking for love.
Increased credit card usage has resulted in higher rates of credit card fraud, and financial institutions are bearing the brunt of the financial losses. Recently, fraudsters are committing synthetic identity fraud by cultivating identities and developing credit histories over time leading to the call for new solutions.
The only guarantee today is that nefarious parties will continue to find new ways to infiltrate networks at financial institutions. Therefore, we must implement best practices to protect against cybersecurity incidents, as well as to resolve all possible issues that can arise should a cyberattack occur.