Is Wire Transfer Versioning Protecting Your Wires?
Logging data for every change made to a wire transfer can enhance banks’ ability to find fraudulent transactions.
In recent years, high-visibility fraudulent wire transfers have become well documented and the bane of many financial institutions. But it doesn’t have to be that way. Whether the customer is the victim of an account takeover attack, compromised login credentials, or a man-in-the-browser attack, wire versioning analysis technology has proven to offer significant benefits to improve wire transfer fraud detection. Read the rest of Wes’ blog post on Bank Systems & Technology.