Banks and financial institutions are well aware of the risks posed by malicious cyber activity. However, because most of this activity takes place in underground forums, few institutions recognize how rapidly the threat environment has evolved. And risks are growing. In the past year, the number of accounts compromised by credential theft and fraudulent transactions tripled. Losses from account takeovers topped $5 billion in 2017, according to the research firm, Javelin, up 120% from the previous year.
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