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:








IBM

Apply

Tools Lead

Category:

Information Technology

Region:

VA - Fairfax


CNH America LLC

Apply

Systems Analyst - Warehouse

Category:

Information Technology

Region:

WI - Milwaukee


Con-way Freight

Apply

Truck Driver

Category:

Supply Chain/Logistics

Region:

CO - Colorado Springs/Pueblo


Carl Zeiss Vision Incâ¿¿

Apply

Sr Customer Quality Engineer

Category:

Quality Assurance/Safety

Region:

MN - Minneapolis