As Coronavirus Fraud Spikes, Some Banks Get It, Some Don't

By Staff Writer

The worlds largest banks look a lot alike, so why is there such a huge gap in performance when it comes to coronavirus fraud?

Hundreds of thousands of employees - check!Global presence - check! Billions spend on IT infrastructure - check!

All the large, global banks look a lot alike. Until it comes to coronavirus fraud, that is. And as bank fraud spikes amidst the Covid-19 quarantines, we’re seeing big differences in performance between the institutions with fraud prevention that’s strong and those where it is not so much.

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