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Customers cannot afford to let fraudsters compromise their bank accounts under any circumstances, but the current economic climate makes attacks all the more painful. Ryan Leblond , manager of fraud prevention and investigations at ESL Federal CreditUnion , explained these key strategies in a recent PYMNTS interview.
If not, that means the end point can be compromised,” Nolte said. PSD2 sets out the requirements for SCA, an identity verification procedure that leverages multifactorauthentication. The third one is communication, which involves the direct and secure transmission of those mobile messages. Mobile Innovation.
FIs may need to provide data to FinTech startups without dedicated cybersecurity teams, for example, which could then be more easily compromised by hackers who will steal sensitive bank customer data. percent “less likely to be compromised.”.
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