Federal Financial Institutions Examination Council’s updated Authentication Guidance is still a strong catalyst for increased fraud-fighting and security budgets. BankInfoSecurity’s second annual Faces of Fraud survey confirms that banking institutions are increasing funding for new anti-fraud technology and personnel. Next year, more banks will be investing in layered security, out-of-band authentication and emerging technologies and services to improve long-term security. Some smaller banks are funneling security work through security assessment to identify security gaps and gaps.”]
Source: https://www.cuinfosecurity.com/banks-top-anti-fraud-investments-a-5012