PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

No Surprise: Government Faces Increased Criminal Attacks Same As Consumers and Businesses

By Tim Sloane
June 17, 2021
in Analysts Coverage, Artificial Intelligence, Authentication, Emerging Payments, Fraud & Security, Fraud Risk and Analytics, Identity Verification, Security
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
No Surprise: Government Faces Increased Criminal Attacks Same As Consumers and Businesses

No Surprise: Government Faces Increased Criminal Attacks Same As Consumers and Businesses

If anyone doubted that criminal actors were targeting more than just businesses and consumers, this research from TransUnion and the Ponemon Institute titled “Public Sector Fraud Study”.

This research indicates that ATO attacks are on the rise and yet only 41% of respondents felt their leadership makes prevention a priority and only 38% indicate their organization does regular assessments:

“Not only are ATO threats on the rise, but six in 10 government agency workers said the severity of these attacks are as well.

Because mobile phones are ubiquitous, they represent the largest threat to customer accounts.

  • 57% of visits to U.S. government websites are mobile
  • 62% of respondents said mobile phones are the most vulnerable to ATO

The report also found that government agencies are not making adequate investments in security technologies to protect customer data and make online access to accounts secure and convenient. Only 39% of government agency respondents said customers are happy with the security they offer.

Agency leaders agree artificial intelligence (AI) and improving identity authentication will help them deliver a better customer experience while ensuring greater security. More than two-thirds of respondents felt more investment in these two areas is necessary to achieve this goal.”

Overview by Tim Sloane, VP, Payments Innovation at Mercator Advisory Group

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: BusinessConsumerCybercrimeFederal GovernmentFinancial Crime

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    prepaid payroll

    Taking the Check Out of Paycheck: The Role of Prepaid in Payroll

    June 16, 2025
    Banking-as-a-service BaaS

    Remodeling Main Street: How Community Banks Can Leverage the Banking-as-a-Service Paradigm

    June 12, 2025
    How Employee Performance Enhances the Customer Experience

    Three Strategies to Maximize Loyalty in the AI-Driven World 

    June 11, 2025
    PFM tools

    How FIs Are Cutting Through Subscription Clutter with PFM Tools

    June 10, 2025
    child identity theft

    Stranger Danger: Protecting Your Children from Identity Theft

    June 9, 2025
    agentic commerce

    The Agentic Advent: How the Next Iteration of AI is Shaping Commerce

    June 6, 2025
    payments hub, digital banking

    All in One: How a Payments Hub Eliminates the Pain Points

    June 5, 2025
    Vertical SaaS

    From Underdogs to Industry Leaders: How Vertical SaaS Powers Mid-Sized Firms

    June 4, 2025

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result