Security experts react to "2017 Faces of Fraud Survey" of US banks and financial institutions issued recently by ISMG Research & VASCO Data Security:
Julie Conroy, Research Director, Aite Group says: "The continued progress toward faster payments introduces new opportunity for fraudsters, especially given the fragmented approach in the U.S. Expect to see criminals capitalize on this with routines that target faster payments across all channels, including mobile."
Scott Clements, CEO, VASCO Data Security reacts: “The survey results echo what VASCO is seeing across the market – there are myriad anti-fraud solutions to choose from, their implementation and use is not easy, and integration between solutions and across channels is limited. In the past, balancing security with implementation and ease of use often came with trade-offs. New identity solutions that integrate multiple authentication technologies are changing this equation enabling trust in identities, transactions and devices with no degradation of the user experience.”