In the first half of 2016 alone, there were more than one million incidents of financial fraud, an increase of 53 per cent on the same period last year. Identity fraud against individuals cost an estimated five billion pounds last year, according to experts. A password provided by the true customer is exactly the same when that same password is provided by an impostor. Banks need to reconsider the security practices they put in place so as to allow consumers to tackle this fraud. By capitalising on visual identity, banks can help transform the practices around online identity.”]
Source: https://informationsecuritybuzz.com/articles/banks-need-consumers-detect-imposters/