Playing offense and defense against fraudsters

With the arrival of COVID-19, fraudsters and other criminals have put even more of a bull’s eye on financial institutions. Greater reliance on digital banking, the cyber exposures of work from home and the harsh economic side effects of the pandemic are all contributing to the upswing in scams and schemes targeting the industry.

Matt Tengwall, general manager for fraud and security solutions at Verint Systems, discusses tough security challenges that banks and credit unions now face, and some ways to more effectively meet those challenges.