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Google and FS-ISAC have launched a new collaboration aimed at improving fraudprevention in the financial services sector. The pilot phase was launched with a select group of FS-ISAC member institutions. ” said Teresa Walsh, FS-ISACs Chief Intelligence Officer and Managing Director, EMEA.
To help financial firms preventfraud attempts on their companies and customers, FS-ISAC, the member-driven, not-for-profit organisation that advances cybersecurity and resilience in the global financial system, has published Leveling Up: A Cyber FraudPrevention Framework for Financial Services.
As more banking business is carried out online, the overall rate of fraud attempts targeting banks and FIs is climbing, according to Bill Nelson, CEO of the Financial Services Information Sharing and Analysis Center (FS-ISAC).
Bill Nelson, CEO of the Financial Services Information Sharing and Analysis Center (FS-ISAC), told PYMNTS that these rumors are likely the result of an overzealous watchdog, or security vendors that are hoping to create a market for their offerings. Using data to fight fraud. Detection is really important,” he noted.
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