Heading into the new year, everything from your washing machine to your mobile banking app will be a potential source of fraud risk. It’s the challenge of living and doing business in the age of digital transformation. As our day-to-day lives becomes more convenient through all that technology has to offer, fraud becomes simpler for cyber criminals.

Cybercriminals never stop improving their attack methods. Cross-channel fraud is one of their latest strategies, and it’s causing trouble for financial institutions and online merchants who are embracing the omnichannel payments revolution.