Consumer Authentication Phishing Procedures 
PYMNTS
NOVEMBER 16, 2016
‘Tis the season … to be very, very wary of phishing and other types of fraud. Research suggests that financial phishing scams jump up nearly 10 percent in frequency during the holiday shopping season. By 2018 it is projected that 20 percent of the world’s population will be shopping online.
PYMNTS
JUNE 9, 2020
For this reason, “Players in the space suggest that open banking could put know your customer (KYC) procedures on the fast track,” according to the May/June Tracker. Adopting MFA and helping customers detect phishing scams can go a long way toward enabling FIs to offer convenient open banking without adding greater risks.”.
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