Fraud Controls to Tackle the Mobile Revolution

As the adoption of mobile banking rapidly increases, fraudsters are following fast. The media is full of stories about mobile-based fraud attacks, which vary from simple account takeover scenarios using stolen credentials on a mobile browser, to advanced mobile malware which performs automatic unauthorized transactions. While the business side of the bank is pushing to introduce more mobile and browser functionalities to satisfy consumer demand, it is the responsibility of the fraud and risk strategy groups to implement the needed controls to allow business growth while simultaneously protecting the organization from the impact of fraud.​