LIMRA: Fraud Is On The Rise In Financial Services
June 17, 2020 by Press Release
A recent LIMRA survey of financial services companies identified increased fraudulent activity, as well as efforts to combat it through education and other preventive measures.
Fraud attacks are on the rise; within the last 60 days, 42% of responding companies have experienced an increase in overall fraudulent activity. In addition, 47% have seen an increase in account takeover (ATO) attacks.