Multifactor authentication critical for banks, IBM says
Financial institutions must prioritize multifactor authentication as hackers take advantage of a lack of identity protection. In 2023, cyberattacks using...
Risk & Security
The Role of Digital Document Collection in Fraud Prevention
Navigating the landscape of finance and technology requires innovation and a strategic vision addressing industry challenges. A big concern is...
Quantum tech can increase trading speed by 15% to 20%
Quantum tech provider Quantum Dice has developed hardware to make financial services operations faster and more efficient. Courtesy/Bank Automation...
What Bank of America is doing for customers after data breach
Bank of America is working to control the fallout following an October data breach at third-party vendor Infosys McCamish Solutions. ...
Data breach a risk despite security spend, experts say
Financial institutions prioritize investment in cybersecurity technology but no matter how much they spend for protection, their systems and data...
Check fraud to reach $24B in 2024
Industrywide, financial institutions are seeing an uptick in synthetic identities, scam activity and check fraud even as digital channel adoption...
Open banking: API ownership, liability
Data protection protocols were among the top concerns raised after the Consumer Financial Protection Bureau gave consumers and the industry...
‘Every company will be compromised’ by hackers, experts say
Fraudsters continue to do damage in the finance industry, evidenced by recent attacks against Fidelity National Financial and Mr. Cooper,...
Podcast: Fighting AI-driven fraud with AI
Financial institutions are looking to AI to fight fraud, but fraudsters are using the same technology to up their attacks....
Transactions: Citi selects Akamai to fight bot attacks
Citibank has selected Akamai Technologies, a cloud-native security service provider, to fight fraud on its platform, according to BuiltWith, which...
