There’s no one hot fraud vector today: ACH, ATM, check fraud, phishing – wherever a customer can access an account, the fraudsters are there lurking. As one veteran banking/security leader from a large institution said, “Fraud attacks today are more creative, more sophisticated and more high-tech” But today’s landscape is about more than fraud prevalence, it’s about customer trust, loyalty, and that trust goes out the window when accounts are violated. Progressive institutions are implementing new technology solutions that monitor all the fraud vectors.”]
Source: https://www.cuinfosecurity.com/blogs/anti-fraud-customer-loyalty-king-p-524