There are many elements of life that have been profoundly affected by the coronavirus pandemic. Some we will learn to live with, others will revert to how they were, and some we will embrace for the better. What’s certain is that we must adapt our stance in a world that is constantly changing.
Fraudsters are attracted to money, and unfortunately for banks, they draw more than their share of fraudsters’ attention, resulting in the loss of sizeable amounts of revenue to hackers. Technology is helping banks fight cyberattacks but also aiding cyber-crooks. Is it a lost cause, or can banks win the battle using the right innovation?