You want to make new account opening easy and fraudsters want to exploit that loophole to rob your credit union.
That is the gist of today’s podcast with Hakan Nordfjell, head of digital banking at Gemalto. He tells about fraudster tricks and also the way financial institutions are fighting back.
He also warns that all your personal information is on the dark web and ready for fraudsters to exploit. PII – personally identifiable information – just isn’t enough to open new accounts securely today. You need more weapons. Nordfjell tells what.
This is information you need to know to protect your institution in what could be called the New Account Opening Wars.