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75% of financial professionals reveal that their organization was the target of a payment scam, according to a report.
A recent FFIEC guidance report on effective authentication and access risk management practices for financial institutions encouraged recommendations such as:
- Conduct risk assessments for access and authentication to digital banking and information systems
- Implement layered security to protect against unauthorized access
- Monitor, log and report activities to identify and track unauthorized access
- And 2 more
Read on to learn how behavioral biometrics solutions empower banking/financial institution customers to effectively respond to authentication and fraud challenges.