The coronavirus crisis and general chaos of 2020 has created the perfect conditions for criminals to thrive. Opportunities are rife, and compliance teams are occupied in assessing a range of suspicious activities. LexisNexis Risk Solutions’ Michael Harris discusses how risks are higher than ever.
The COVID-19 pandemic has brought unprecedented challenges for businesses across every sector – from keeping employees and customers safe to ensuring continued access to capital and adapting to the new digital way of working. Yet there is one group who has benefitted from the crisis and chaos of the last few months: criminals.
For criminals, the pandemic has created the perfect conditions to target weaknesses in businesses’ procedures. Smaller firms, who may have moved resources away from compliance to battle more immediate issues during the pandemic, are particularly at risk from fraudsters.
As more and more businesses move their operations online, there has never been a more important time for firms to invest in robust, data-led solutions that protect organizations from these ever-growing threats.
The Rise of Digital Crime
With organizations, governments and people grappling with the widespread disarray caused by COVID-19, criminals have been quick to take advantage of changing behavior patterns and people’s…
