Digital banking has become the new normal: recent surveys found that 60% of consumers prefer banking via a mobile app, and 61% use digital banking services at least once a week.
But as consumers embrace digital tools for more of their banking needs, increased access to AI tools is helping cybercriminals deploy new ways to launch attacks and scale old fraud schemes. In this infographic, you’ll learn about the six trending frauds that put your institution most at risk and will understand the four steps you need to take to fight back, including:
Understanding your vulnerabilities
Taking a probabilistic approach to improving identity verification