Fraud Measurement: Bank scams – SMS  verification has become the global default solution

18 Apr 2020 3:39 PM | Anonymous member (Administrator)

In spite of regulators making banks implement additional levels of authentication such as two-factor authentication (2FA), UK Finance’s latest set of data reveals that bank transfer scams (APP fraud) is on the rise and cost Brits £456m in 2019.

https://thefintechtimes.com/33461-2/https://thefintechtimes.com/33461-2/

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