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Security - Banking Exchange
Trade body newsletter says remote working and digital channels in financial services have led to heightened security concerns
Attack orchestrated by notorious REvil cyber-criminal gang
Fintech partnerships increasingly focus on combating cyber threats, as banks fight ‘trojans’ in digital age
More than half of consumers have become more concerned about fraud since Covid-19
From rule-based systems to explainable AI, financial institutions continue to advance their fraud prevention systems
The pandemic greatly accelerated the technology shift as customers were largely unable or not willing to visit branches in-person
As cyber-attacks occur around the globe at an alarming rate, many criminals continue to set their sights on banks and credit unions
OCC, Federal Reserve, CFPB, FDIC, and NCUA are seeking input from banks and other stakeholders
The E-Sign Act was signed into law over two decades ago
Payment disputes related to friendly fraud are expected to soar due to the pandemic-fueled surge in e-commerce
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