Haste makes waste: Is your financial institution’s rushed digital transformation safe?

ITProPortal | November 17, 2020 — For the majority of financial institutions, the past year has seen the most rapid digital transformation in their histories — and in many cases, the driving forces behind those changes are here to stay. The acceleration of financial institutions’ digital transformations is an overall positive development, but it doesn’t come without risks. Rapid changes to established technologies and processes may leave vulnerabilities that bad actors can take advantage of. Read the full article here.

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Javelin: New account fraud attacks

New account fraud increased to $4 Billion in the U.S. in 2019*, and that could be the beginning as the trend is growing in 2020. The challenge for fraud and digital teams is the need to reduce losses while increasing approval rates to onboard new customers. Read more

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