Banking Apps Shun Geolocation Data; Why Fraud Risks Could Follow
PYMNTS
DECEMBER 7, 2020
“I think [consumers] recognize that if location is not being asked for or provided, then that app is inherently not as secure as it could be,” he said. Unfortunately, most consumers only learn of this location loophole after something bad happens, such as a stolen credit card or a fraudulent transaction, Briggs pointed out.
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