The Federal Financial Institutions Examination Council has called for increased investments in online fraud prevention. The need for fraud-prevention tools increases during times of recession, an analyst says. The majority of institutions, those that fall beyond the purview of the top 25 or 30, will renew deals they already have with existing core processors and other third-parties. The only difference will be the investment in more technology, the only difference in the investment will be more than a difference in technology. The FFIEC has issued new authentication guidance for banks and credit unions.”]
Source: https://www.cuinfosecurity.com/blogs/fraud-prevention-in-shaky-economy-p-1022