Fretting About Fraud: Challenges Facing Your FI, and What You Can Do About Them
Smaller regional financial institutions are facing some big challenges when it comes to fraud on a number of fronts. As attacks against big banks are thwarted, fraudsters are increasingly turning their attention to the next tier of financial institutions.
This trend, coupled with consumer demand for friction-free mobile access to banking creates not only more, but also new vulnerabilities. Lastly, as compliance regulations tighten, these institutions find themselves facing more stringent requirements that demand increasingly sophisticated solutions. Let’s tackle these issues one at a time.