Apr 22, 2020

BAI’s Holly Hughes talks with Wintrust’s John Koleno and OneSpan’s David Vergara about the key challenges around providing a great customer experience while also protecting against fraud and the tools and technology that can help. More from BAI on managing fraud and cyber security: * Podcast: Working to stay one step ahead of the cybercriminals * Bankers beware: Deepfake technology is […]

Fraud is endemic to the global payments system and the tools financial institutions have historically used to fight it are marginal at best.

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As fast as banks plug the holes in their security dams, criminals are finding alternative ways to take over customer accounts.

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Cybercrooks are stealing as much as $1 billion a year from small and mid-sized bank accounts in the United States and Europe, according to Don Jackson, a security expert at Dell SecureWorks.

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