ACI Worldwide’s Patrick Higgins and Andy Morris share insights about financial fraud. Account takeover, wholesale and wire fraud are prevalent in all regions, and fraudsters are only increasing their efforts. Banks in EMEA are taking to heart the layered security tenets of the U.S. FFIEC Authentication Guidance. Two-factor authentication has largely been adopted based upon the card authentication program, what we know as CAP technology, which piggy-backs the introduction of chip-and-pin.”]
Source: https://www.bankinfosecurity.com/fraud-management-layered-approach-a-5156