Risk-based authentication: The secret to meeting PSD2 compliance without sacrificing convenience
With fraud evolving faster than security, banks must embrace risk-based authentication or risk falling behind.
February 13, 2025
With fraud evolving faster than security, banks must embrace risk-based authentication or risk falling behind.
The Economic Crime and Corporate Transparency Act 2023 holds businesses accountable for fraud unless they prove strong prevention measures.
APP scams cost UK victims over £340 million in 2023, exposing systemic vulnerabilities and the urgent need for stronger fraud prevention and collaboration.
Choosing between building and buying systems is key as financial institutions face escalating financial crime challenges.
New fraud data highlights growing threats and the need for stronger defences ahead of regulatory changes.
The PSR’s new refund rules strengthen fraud protection, but concerns remain over the reduced compensation cap and evolving scam tactics.
New rules mandate automatic reimbursement for APP fraud victims, raising concerns about industry costs and fraud exploitation.
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