News

Search News






The Community Buzz

What is this?

Banks Pay Up; Don't Bother To Investigate Cybercrime




Banks and online merchants feel it is cheaper to pay customers claims of online fraud rather than investigate the claim or secure their systems. Even with the skyrocketing rate of information theft banks and lenders are simply compensating their customers for fraudulent charges. More than half of financial institutions, 52%, pay off their customers claim without conducting any kind of investigation whatsoever. The rate of pay off in Western Europe is 54%.

Read Full Story: http://africanamericancyberreport.com/2014/07/bank...

Shared by



Comments (0)

Add Comment
Comments Options
Sort comments by:








General Dynamics Information Technology

Apply

Sr Engineer, Systems

Category:

Information Technology

Region:

AZ - Tucson


Kforce Inc

Apply

ITSM System Administrator

Category:

Information Technology

Region:

DE - Delaware


VILLAGE OF LOMBARD

Apply

FRONT DESK CLERK

Category:

Manufacturing and Production

Region:

IL - Chicago West


Sabre Systems, Inc.

Apply

Application Developer

Category:

Information Technology

Region:

MD - Prince George's County