Fraud in fintech: From social engineering to attacks targeting devices

The fintech industry faces a new wave of cyber fraud every year. Fraudsters use sophisticated technological methods to compromise personal data and steal money. In response to attacks, companies are strengthening their anti-fraud systems, automating customer identification procedures and implementing biometric technologies. However, anti-fraud policies require not only innovation but also rapid adaptation to new challenges. Olga Talayeva, Chief Risk Officer at Cyberbird Fintech Group, discusses how the fintech industry counters cyberthreats and the solutions it used for protection.