... Fifty-three percent of banks increased fraud‑prevention budgets by 5% or more in the last three years, yet 70% still see rising fraud losses, especially small and midsize banks. CIOs should align tech spend to their risk profile, loss history, exposure to high‑risk products or channels, and customer ...
Analyst(s): Vatsal Sharma
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... social engineering scams, phishing, authorized push payment fraud, AI deepfakes, synthetic IDs and other loss-causing threats. Bank CIOs should assess how IT can help improve detection and defense against specific threats, uncover vulnerabilities, and build capabilities to strengthen fraud prevention readiness ...
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