Fraudsters have perfected collaboration, coordinating networks, and pooling resources to exploit vulnerabilities, resulting in large-scale, sophisticated attacks. Despite heavy investments in security, financial institutions remain vulnerable if they operate in isolation. With global financial crime losses exceeding $2 trillion last year, it’s clear that the challenge isn’t just stopping isolated threats – it’s about forming strategic partnerships to close security gaps. Cyberattacks are evolving, and no organisation can face these threats alone. Threat intelligence sharing among banks, fintechs, and other financial entities is now essential for staying ahead of cybercriminals, reducing risks, and preventing both financial loss and reputational damage.
This whitepaper explores why threat intelligence sharing is crucial and highlights how collaboration can strengthen security. Leveraging a proactive, deterministic approach to fraud prevention can make a real difference in combating evolving threats.
Key takeaways include:
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