Fraud and Scam Protection in Financial Institutions: 2025 Strategies, Trends, and Lessons from the MGM Cyberattack
The financial services industry is under siege. In an era defined by rapid digital transformation, financial institution groups – encompassing banks, credit unions, brokerage firms, insurance companies, and fintech startups – face an unprecedented wave of sophisticated fraud and scams. The FBI’s Internet Crime Complaint Center (IC3) reported that global losses from financial fraud exceeded