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Deep Dive: How FIs Can Upgrade Authentication Measures To Foil Fraudsters? Open Banking Attacks

PYMNTS

Open banking may soon become table stakes for financial institutions (FIs) — they need to act now and be able to offer it securely or risk getting left behind. percent between 2019 and 2026, hitting $43.2 percent between 2019 and 2026, hitting $43.2 percent “less likely to be compromised.”.

Security 151
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APP Scams: What Impact Will the PSR’s Proposals in the UK Have?

FICO

As the PSR’s response to authorized push payment fraud moves towards becoming law, what will the results be? million stolen through fraud in the UK last year, payment scams (or authorised push payment fraud or APP scams) accounted for 41%. Payment scams reached unprecedented levels last year and look set to double by 2026.

Fraud 52