There is no stopping the mobile banking momentum as banks
\ncontinue to improve their mobile app offerings, enticing customers and lowering
\noperational costs in the process. Currently, more than half of smart phone
\nusers have accessed their bank accounts using smart phones. Forrester Research
\npredicts that by 2015 one in five US adults will be using mobile banking,
\npeaking the interests of financial institutions and criminals alike. With the
\nrise of smart phone usage and mobile banking apps there are many threats
\npresented.<\/p>\n
Fraudsters attempt to obtain users confidential login
Cybercriminals are progressively coming up with new and
Like any good fraud prevention strategy the key to defending
[Contributed by EVS Marketing]<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" There is no stopping the mobile banking momentum as banks continue to improve their mobile app offerings, enticing customers and lowering operational costs in the process. Currently, more than half of smart phone users have accessed their bank accounts using<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33],"tags":[],"class_list":["post-4573","post","type-post","status-publish","format-standard","hentry","category-phone-verification"],"acf":[],"_links":{"self":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/comments?post=4573"}],"version-history":[{"count":0,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4573\/revisions"}],"wp:attachment":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media?parent=4573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/categories?post=4573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/tags?post=4573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\ninformation including passwords and personal identification numbers to gain
\naccess to accounts and improperly transfer money or commit other fraudulent
\nacts. As a leader of an organization, you need to know how to create and
\nmaintain a fraud
\nprevention<\/a> strategy for mobile banking because mobile is becoming the
\npreferred banking channel for most consumers.<\/p>\n
\ninnovative ways to target mobile platforms and compromise users data. It is
\nimperative to keep customers information and accounts safe as technology
\nprogresses. Financial institutions also need to educate their customers on the
\nmany other ways their information can be compromised through their mobile
\ndevice. From fake banking apps to stolen devices, fraudsters can obtain all of
\nthe information they need to commit small or large crimes.<\/p>\n
\nmobile customers is with a layered approach. Identity verification and
\nauthentication, drivers
\nlicense verification<\/a> and dynamic KBA all contribute to a secure layered
\nstrategy. <\/span>As Internet banking
\ncontinues to expand into mobile banking, so does the rate of potential fraud. FFIEC
\nguidelines<\/a> have helped financial institutions guard against online attacks
\nin the past but fraudsters continue to seek new ways to infiltrate the system.
\nOptimizing your strategy with multiple layers of fraud protection is one sure
\nway to protect your customers. EVS can provide complete multilayered fraud
\nprevention solutions designed to prevent mobile fraud against your customers
\nand business. <\/p>\n<\/p>\n