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How Covid-19 has increased the pressure on banks to combat cyber frauds?

India covid-19 2020 pandemic information
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global survey by Barracuda Networks.Phishing, another form of attack led by social engineering, is targeting consumers who may fall prey to a fake but ‘genuine-looking’ bank website, and eventually offer credentials to a hacker.

The hacker would then use the credentials and transfer funds fraudulently.Talking to Mint, Kiran Shetty, CEO & Regional Head – India & South Asia, SWIFT said that the pandemic has increased the pressure on the banking industry to combat cyber frauds. "While the COVID-19 pandemic has accelerated digital transactions and payments, it has also necessitated remote working conditions, thereby making banks and financial institutes more vulnerable to threats.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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