DataVisor - Digital Fraud - May 2022 - Find out how providers are mitigating payment fraud on IoT-enabled devices

How Banks Are Pulling the Plug on Financial Fraud in a Connected Age

Digital Fraud Tracker® – May 2022

Although consumers are increasingly using an array of connected devices to conduct financial transactions, they’re doing so with the expectation that banks and FIs will keep them secure. In the The “Digital Fraud Tracker®,” a PYMNTS and DataVisor collaboration, Mission Lane’s Gaurishankar Gopalakrishnan shares thoughts on how FIs are using advanced authentication and device safeguards to manage that risk.

Inside the May Tracker

  • An interview with Gaurishankar Gopalakrishnan, head of enterprise fraud, collections and recoveries at Mission Lane, on how FIs must maintain customer trust and reduce fraud risk as connected device use grows
  • The latest headlines from the digital fraud space, including how more than two-thirds of consumers using digital payment platforms in the APAC region have been victims of cyberthreats and why the FBI is warning against phishing scams involving instant money transfers on digital banking apps
  • PYMNTS Intelligence analyzing the growth in the use of IoT-enabled devices for financial services and how providers are looking to ensure these devices’ security for payments and account access

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