While many regions are still fighting the most significant pandemic in a generation, the seeds of optimism are growing as businesses and consumers look towards re-building societies and economies. As they do, adapting to a new normal after a period of rapid digital progress will be key.
As consumers have changed their behaviour to adjust for large-scale restrictions to products and services, so too have fraudsters pivoted focus to continue to reap the benefits of cybercrime. Crime rings always capitalise on times of chaos and confusion, and the pandemic has brought ample servings of both.
Automation, identity spoofing, device spoofing, and social engineering have all grown in recent months as cybercriminals have identified their targets and adjusted their attack profiles accordingly.
Read our latest Cybercrime Report, with data covering January-June 2021, to understand the current cybercrime landscape, trends and transaction activities. You’ll understand why a multi-layered fraud prevention strategy will be essential in navigating this uncharted territory.