Fraudsters targetting smaller firms
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"Where have all the criminals gone?" asks Alan Mangelsdorf, head of marketing for Mantas in New York. "They are going to smaller institutions." Mangelsdorf says because larger banks have implemented sophisticated anti-money laundering and fraud protection platforms, criminals are now trying their luck with second and third tier institutions, as well as firms in geographic locations that are further afield. Often such firms have less stringent protocols because they have fewer resources to
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