Venezuelan Banking Association warns of increased digital fraud
According to the Venezuelan Banking Association, cyberattacks on the financial system are on the rise, affecting corporations, SMEs, and individuals
Cybercrimes in the Venezuelan financial system continue to increase, as warned by the country’s Banking Association, highlighting identity theft and phishing as the most common methods.
Digital fraud cases are being carried out against corporations, SMEs, and individuals in increasingly sophisticated ways. In this regard, the ABV emphasizes “the need to strengthen a culture of prevention among users and companies.” The warning is based on a study conducted in October 2025 among private banks in the country, which concludes that phishing and identity theft remain the most frequent criminal activities.
On the other hand, the association details that banking institutions remain the primary target of cybercriminals, who “send fake links via email, social media, or search engines, mimicking the official websites of financial institutions.”
The ABV calls for the implementation of strong security measures leading up to 2026, when, according to its estimates, AI will be the main tool hackers use to commit their digital crimes.
M.Pino
With information from finanzasdigital.com
(Reference image: Shamin Haky on Unsplash)
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