Deception Technology in Banking: A New Line of Defense Against Insider Threats and Fraud
Insider threats cost organizations an average of $17.4 million annually, with financial services facing costs up to $20.68 million per organization according to the Ponemon Institute 2025 Cost of Insider Risks Global Report. Traditional security measures fail when malicious behavior originates from authorized users who bypass most security controls without triggering alerts. Cyber criminals increasingly recruit bank employees to gain unauthorized access, steal customer data, and facilitate fraud rings.