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Cyber Defense eMagazine February Edition for 2023

Cyber Defense eMagazine February Edition for 2023 #CDM #CYBERDEFENSEMAG @CyberDefenseMag by @Miliefsky a world-renowned cyber security expert and the Publisher of Cyber Defense Magazine as part of the Cyber Defense Media Group as well as Yan Ross, Editor-in-Chief and many more writers, partners and supporters who make this an awesome publication! Thank you all and to our readers! OSINT ROCKS! #CDM #CDMG #OSINT #CYBERSECURITY #INFOSEC #BEST #PRACTICES #TIPS #TECHNIQUES

Cyber Defense eMagazine February Edition for 2023 #CDM #CYBERDEFENSEMAG @CyberDefenseMag by @Miliefsky a world-renowned cyber security expert and the Publisher of Cyber Defense Magazine as part of the Cyber Defense Media Group as well as Yan Ross, Editor-in-Chief and many more writers, partners and supporters who make this an awesome publication! Thank you all and to our readers! OSINT ROCKS! #CDM #CDMG #OSINT #CYBERSECURITY #INFOSEC #BEST #PRACTICES #TIPS #TECHNIQUES

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The Anti-Fraud Frontline<br />

Predictive Analytics, Determent, Detection, Resolution, And Business<br />

By Ryohei Fujimaki, Founder and CEO of dotData.<br />

Fraud attacks have reached concerning levels. Large, medium, and small companies, are all<br />

experiencing fraud. McKinsey reports that fraud losses in the U.S. have risen by 436% since 2017. The<br />

Federal Trade Commission warned in early 2022 that fraud reports were up by 70% compared to the<br />

previous year. More than 2.8 million consumers filed fraud reports totaling $5.8 billion in losses. And<br />

these concerning numbers only represent consumers from the U.S. Globally, fraud is skyrocketing.<br />

The victims impacted by the new digital era of fraud are not just end-users. Companies, organizations,<br />

law en<strong>for</strong>cement agencies, regulators, and the tech industry are rushing to combat the rising trend. Why<br />

is fraud on the rise? The answer: The pandemic and post-pandemic digital acceleration. The global rise<br />

of digital financial transaction volumes and the expansion of the digital attack surface—with millions of<br />

devices and endpoints connected to financial systems—has opened up endless opportunities <strong>for</strong><br />

cybercriminals.<br />

<strong>Cyber</strong> <strong>Defense</strong> <strong>eMagazine</strong> – <strong>February</strong> <strong>2023</strong> <strong>Edition</strong> 143<br />

Copyright © <strong>2023</strong>, <strong>Cyber</strong> <strong>Defense</strong> Magazine. All rights reserved worldwide.

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