Multi-Factor Authentication

Every day brings new reports of cyberattacks and data breaches, many of which could have been prevented through multi-factor authentication (MFA). In 2017, financial institutions (FIs) lost $16.8 billion to cybercrime and experienced $5.1 billion in account takeover losses. Will it ever get better? The simple answer is no. Breaches will continue to fuel financial fraud, account takeover, and new… Read more

  •  
  • 17
  • 22
  •  
  •  
  •  

Fraud Trends 2019

Cyberattacks on banks and financial institutions (FIs) are growing in volume, complexity, and speed. According to Forbes, cyberattacks target financial services 300 times more often than other industries. “While the typical American business is attacked 4 million times per year, the typical American financial services firm is attacked a staggering 1 billion times per year,” the business magazine reports. That… Read more

  •  
  • 14
  • 21
  •  
  •  
  •  

Fraud is an ever-evolving threat. Not every fraud monitoring tool on the market can keep pace with the new schemes constantly popping up. That’s why it’s essential to deploy the right fraud solution – but to be successful, there are many factors to consider. Regulatory compliance will always play an important role when deciding the must-haves in your fraud monitoring… Read more

  •  
  • 2
  • 5
  •  
  •  
  •