Matt Speare oversees security for M & T Bank Corporation, the nation’s 17th largest bank holding company, based in Buffalo, New York. The Faces of Fraud Survey: Financial institutions expect in 2011 to invest more in fraud prevention and security. Speare: “No. 1 issue is that we can’t positively identify fraud or identity theft in one channel and then see it manifest itself as an actual loss or loss in a separate channel” The number of fraud incidents in financial institutions is higher than they think, Speare says.”]
Source: https://www.cuinfosecurity.com/fraud-detection-needs-more-attention-a-3243