With growing digital transactions, financial frauds on the rise

0
15

Although Indians have embraced digital transactions, rampant social engineering and phishing email incidents have led to doubling of financial cybercrimes, reveals FIS PACE report

37% – of victims affected by financial fraud
27-37 years of age group impacted by fraud
96% – consumers who were victimized during last year had switched to mobile apps
Mobile payments rapidly gaining traction among 18-26 years age group
28% – youngsters not satisfied with their banks
35% – of older consumers are not satisfied with their banks

LEAVE A REPLY

Please enter your comment!
Please enter your name here