As the cost of cybercrime escalates across all industries, banks are suffering the most. Banks are paying particular attention to payment fraud through online and mobile channels - wire transfer fraud has more than doubled year over year and 73% of organizations experienced payments fraud in 2015. (AFP 2016 Payment...
There is a good reason why everyone in business and commercial banking is talking about payment fraud. Payment fraud is becoming more sophisticated and security breaches at companies are increasing - which puts their financial institutions at risk. According to recent research conducted by the Association for...
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