The financial sector is under growing pressure from advanced phishing attacks and fraud, causing major financial losses and eroding customer trust. Escalation of phishing attacks While traditional phishing relied on generic emails to steal sensitive data, cybercriminals now use targeted spear-phishing, leveraging personal information for credibility. AI-driven attacks, including deepfake scams, allow fraudsters to impersonate bank executives or customer service representatives, making detection more difficult. Voice phishing (vishing) and SMS phishing (smishing) have also risen, … More →
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