Last month, Forrester issued a report commissioned by Visa entitled “Understanding the Evolving Payments Landscape.” The purpose of the report was to evaluate how financial institutions and eCommerce merchants are protecting themselves from fraud in a rapidly changing world, both in terms of consumer attitudes toward online transacting and fraudsters’ use of ever-more sophisticated tactics.
There’s no question about it, the future of banking and payments is mobile. But there’s a major barrier to mobile banking reaching its full potential.
Mobile World Congress, the world’s largest mobile industry conference with more than 108,000 attendees from 208 countries, wrapped up in Barcelona, Spain on March 2. BioCatch founder, CTO & VP Business Development, Avi Turgeman, participated in a panel discussion titled “Social Engineering: Hacking the User” on Thursday, discussing what operators can do to encourage customers to engage in safer types of behavior online.
If the recent malware reports are any indication, the rate of fraudster activities and sophistication are on the rise. With the Gooligan malware affecting over a million Google accounts through infected Android devices, and the new TrickBot Trojan hitting banks worldwide, these attacks are high profile and highly destructive to businesses and consumers. Fraud prevention and cybersecurity professionals need to find more comprehensive ways of combating emerging threats that go beyond traditional authentication methods, like behavioral biometrics.
Money 2020 is bigger and flashier than any other event for the financial/fintech sector so it seems fitting that it was held in Las Vegas. Both the location and venue created a perfect backdrop for the key event theme: the fast transfer of money. Here are a few of the major topics covered in this year’s Money 2020 conference: