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Anomaly Detection: Small Banks Struggle

Amy McHugh is a former IT examination analyst for the Federal Deposit Insurance Corp. She now works as a bank adviser at CliftonLarsonAllen, a professional services firm. Large banks are implementing anomaly monitoring and detection solutions that are costly and time-intensive to set up, she says. McHugh: “Smaller institutions just don’t have the resources in order to implement those” She discusses account takeover fraud, distributed-denial-of-service attacks and ACH fraud.”]

Source: https://www.bankinfosecurity.com/anomaly-detection-small-banks-struggle-a-5954

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