Fraud accounts for nearly half of all crimes, and over half of all frauds are cyber-enabled.
Cyber fraud is also a primary motivator for cyber attacks, so should be high on the agenda for security and fincrime teams.
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About BAE Systems Applied Intelligence
We have been helping to defend the largest nations and businesses in the world for over forty years against advanced threats.
Cyber threats no longer just come from mischievous hackers playing games. They come from organised, smart, stealthy criminal groups and nations, looking to steal intelligence and capital. Attacks pioneered by nation states are now being used to attack businesses of all sizes and standard security technology has dropped in effectiveness from 80% to 20% over the past 10 years.
Additionally criminals are taking advantage of modern communications and computing techniques to plan and conduct their crimes. The techniques and tools that enable business and law enforcement to detect, prevent and investigate crime – both in the physical and cyber worlds – are in the process of rapid adaption.