Tackling fraud with technology

When it comes to business continuity, cybersecurity and risk management, those threads weave through every product, service and area of the bank. If you're standing up a new digital account onboarding solution, you must ask, "What's my fraud and risk mitigation strategy to dovetail wi...

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Bibliographic Details
Published inIndependent Banker Vol. 74; no. 10; p. 25
Main Author Potts, Charles
Format Trade Publication Article
LanguageEnglish
Published Sauk Centre Independent Community Bankers of America 01.10.2024
Subjects
Cybersecurity
Fraud
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Summary:When it comes to business continuity, cybersecurity and risk management, those threads weave through every product, service and area of the bank. If you're standing up a new digital account onboarding solution, you must ask, "What's my fraud and risk mitigation strategy to dovetail with that?" This intense, enterprise-level focus has ensured that fraud mitigation and cybersecurity are now part of every bank personnel's responsibility. [...]predictive analytics, the precursor to today's emerging artificial intelligence tools, has been employed at the core of fraud pattern recognition for decades, particularly as it relates to credit card fraud.
ISSN:0019-3674