With 2021—a year full of interesting developments and thought-provoking incidents within the world of financial crime and compliance—nearing its end, now seems time to reflect on the last 12 months and recap three major topics and talking points that have stood out this year.
Covid-19’s impact on fraud
The ongoing pandemic has provided a perfect storm for an increase in both new and traditional frauds. The combination of health and financial threats has made individuals and companies vulnerable, creating more opportunities for fraudsters to operate. Criminals have exploited and adapted to the uncertainty, with a rise in online data harvesting and a fall in check and contactless card fraud.
