While there are always issues from time to time, other priorities were far more pressing—application fraud, account takeover, business email compromise incidents, and faster payments fraud, among other attacks.

However, in recent months, the economy has begun to falter, with many predicting tougher times ahead. Employee fraud incidents always increase when the economy goes south; employees are sometimes faced with very difficult circumstances and take uncharacteristic actions out of desperation.

Why it matters?

43% of FIs have seen an increase in employee fraud losses compared to two years ago. 

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