Bank on Wipfli

Bank on Wipfli

Fraud in the age of COVID-19

March 17, 2021

You’ve probably heard about the drastic rise in cyberattacks in 2020. Spurred partly by organizations’ need to transition employees to remote work during the COVID-19 pandemic, cyberattacks have gotten more frequent and sophisticated. In fact, phishing attacks increased by almost 700% in 2020. Beyond attacks utilizing technology, we are seeing increases in all types of fraud.

In this episode of Bank on Wipfli, Mike Vesel talks to Marc Courey, Director of Forensic & Litigation Services at Wipfli and a specialist in fraud and forensic investigations, about how fraud has changed and adapted since the start of the pandemic. They discuss:

· Types of internal and external fraud

· What fraud trends Marc has seen during the pandemic

· What steps a financial institution should take if they suspect fraud

Listen now to learn how you can help protect your institution from fraud and mitigate your risk.