The Fight against Financial Cyber Crime

Financial is an act in which financial gains or profits are made through criminal activities such as identity fraud, , e-mail, and Internet fraud. Attempts to steal financial accounts, credit cards, and other payment card information also comes under cyber crime.

Financial cyber crime affects companies of all sizes and sectors, as well as individuals, and can have devastating consequences. To avoid falling victim to financial cyber crime, one needs to understand how the technology responds to the decisions someone makes, says Adrian Constantin Stanila, Head of the Visma

At the same time, it is a fact that financial institutions will always suffer from – sometimes because of vulnerabilities and some due to insider greed. But, the victim will remain unsuspecting customers.

A lot of times, people investing their hard-earned in trading are scammed and lose out on their money because of fraud and cyber crimes. The best way to avoid it is to make sure that one does all transactions with a reputable broker. The industry is a lucrative target and is disproportionately affected by the rise of cyber crime.

How Banks are

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