Global Banking Scams Surge 65% as SMS Phishing Explodes Tenfold
Banking scams have increased dramatically worldwide, with SMS-based phishing attacks growing by a factor of ten according to new data. The comprehensive report from BioCatch shows organized criminal operations driving a global fraud epidemic affecting millions of consumers across five continents.
Global Banking Scams Reach Crisis Levels
Financial institutions worldwide are facing an unprecedented surge in financial crime, with new data revealing banking scams have increased by 65% globally over the past year. According to reports from behavioral biometrics company BioCatch, the dramatic escalation affects nearly 350 million consumers across five continents and shows no signs of slowing.
