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Bank client fraud in Brazil up 165% in 2021

RIO DE JANEIRO, BRAZIL - The scams that grew most were the so-called "social engineering," in which the victim is manipulated and tricked into actions to benefit the criminals.

This growth occurs in a context in which cell phones account for over half of all banking transactions. According to FEBRABAN, mobile phone apps were used in 51% of transactions in 2020. In 2016, the rate stood at 28%.

According to the federation, the pandemic has increased the importance of these devices, which began to be used by people who did not have a bank account before.

This public, unfamiliar with . . .

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