How COVID-Era Government Stimulus Impacted 6 Financial Services Sectors

Tough financial times drive financial crime. Between stimulus checks, expanded unemployment benefits and small business aid, fraudsters were lured by the possibility of “free money” where they attempted to create depository accounts at banks and fintechs using stolen data.

This report provides insights on:

  • Attack patterns from March to June, 2020, involving the riskiest one-half percent of applicants attempting digital account opening and enrollment activities
  • Impact on 6 sectors within the financial industry including consumer lending, credit card applications, etc.
  • Timeline of market events in relation to spikes in fraud during the COVID-era
  • and more...

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