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52% of financial companies in the world reimburse customers for losses caused by fraudulent activities on the Internet without actually investigating the circumstances of the crimes. This is reported in a recent study by Kaspersky Lab.
The study shows that almost a third of all financial companies in the world, including the Gulf countries, believe that the costs incurred in connection with cyber fraud are less than the cost of protection. Are seasoned and successful businesses and entrepreneurs working in the online payments industry really preferring to deal with the results of cybercrimes rather than prevent them?
Kaspersky Lab reports that 28% of representatives of financial companies and 32% of employees of online stores interviewed in the course of the study are confident that the total losses from Internet crimes do not exceed the cost of implementing security solutions. Only 19% of businesses and 7% of online merchants disagree and argue that the cost of recovering damages to customers is one of the most serious consequences of cyber attacks.
In 2021, about 4 million users of Kaspersky Lab products encountered malware trying to steal their money, which is 18.6% more than in 2020. In December 2021, many North American banks suffered losses of more than $ 200 million as a result of leaked customer bank card data.
In terms of consumer attitudes, the study indicates that 57% of users pay too little attention to the security of their online payments, relying entirely on their bank for this matter.
We will remind, last week it was reported that every fourth user of banking services in the world faced card fraud.
The study shows that almost a third of all financial companies in the world, including the Gulf countries, believe that the costs incurred in connection with cyber fraud are less than the cost of protection. Are seasoned and successful businesses and entrepreneurs working in the online payments industry really preferring to deal with the results of cybercrimes rather than prevent them?
Kaspersky Lab reports that 28% of representatives of financial companies and 32% of employees of online stores interviewed in the course of the study are confident that the total losses from Internet crimes do not exceed the cost of implementing security solutions. Only 19% of businesses and 7% of online merchants disagree and argue that the cost of recovering damages to customers is one of the most serious consequences of cyber attacks.
In 2021, about 4 million users of Kaspersky Lab products encountered malware trying to steal their money, which is 18.6% more than in 2020. In December 2021, many North American banks suffered losses of more than $ 200 million as a result of leaked customer bank card data.
In terms of consumer attitudes, the study indicates that 57% of users pay too little attention to the security of their online payments, relying entirely on their bank for this matter.
We will remind, last week it was reported that every fourth user of banking services in the world faced card fraud.
