"Rapid digitization and an influx of cash from pandemic relief scams have created the perfect conditions for fraudsters to thrive. Regardless of sector or size, financial institutions must do more to keep their customers' assets safe from fraud, but without compromising on the customer experience."

https://www.prnewswire.com/news-releases/more-than-two-thirds-of-financial-institutions-lost-over-500k-to-fraud-in-2022-alloy-report-finds-301715626.html?ref=this-week-in-fintech