Showcase contests not only attract the eyes of the world but the hands of thieves as well. Enter your four-point game plan.
Customer education and multi-layered defenses can help, but preventing online fraud also requires a secure personal browser.
The proliferation of banking channels generates an equal proliferation of authentication methods; can biometrics help reduce the clutter?
Recent distributed denial-of-services attacks on banks have created much disruption, but it’s possible fraud may be involved as well.
Disaggregation of the payments value chain raises potential fraud threats, substantially increasing the need for more cooperation from industry players and regulators to ward off these threats.
With the ever-increasing complexity of payments fraud, banks need a hybrid approach to fraud detection that effectively coordinates and leverages all available technologies.
Educating both bank employees and customers on account takeover scams is the best defense against such fraudulent activity, say BAI Payments Connect panelists.
To deal with intensified fraud attempts, financial institutions need to employ layered detection systems based on real-time customer analytics.