Financial Services Sharing and Analysis Center CEO Bill Nelson says account takeover attempts are up in Europe, Asia and Japan. Customer education continues to be a priority for banking institutions, but other fraud prevention steps are attracting more interest and investment dollars. Financial institutions have made significant strides toward reducing losses associated with account takeover incidents, he says. In the wake of recent distributed-denial-of-service attacks, institutions realize investments in new detection techniques are critical. Nelson: “Financial institutions are really doing a good job and have the ability to detect, prevent and really respond to these attacks””]
Source: https://www.cuinfosecurity.com/account-takeover-losses-reduced-a-5648