The Covid-19 pandemic has been a boon for bank robbers.
As the many inexperienced consumers that previously relied on cash have begun to use their debit and credit cards online more frequently, exposing themselves to phishing attacks, credit card fraud has surged by 35% in the US according to Fidelity National Information Services.
And that may just be the tip of the iceberg. To report a theft, you have to know that you’ve been robbed.
Cyber criminals are increasingly sophisticated and particularly good at setting up their servers in remote countries, stealing small amounts from millions of bank accounts then shutting down again before anything amiss is noticed.
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