You just finished a digital transaction. How secure do you think it was?

A new cross industry study conducted by experts at digital identity firm Prove highlights how FinTech transactions are twice as vulnerable to identity takeover risks compared to the cross-industry average. Although the magnitude of risk is a tad lower in traditional banking, investment or healthcare transactions, the increasing volume of overall online fraud worldwide exposes the gaps that exist in traditional multi-factor authentication models. The study highlights the imperative need to protect high risk transactions with sophisticated identity verification and authentication capabilities that are more effective than the legacy methods used today.
CONTINUE READING

There's more where that came from!
To continue reading MEDICI content, become an Inner Circle Member.

START YOUR FREE 7 DAY TRIAL
At MEDICI, we enable FinTech-at-Scale to create global economic impact.​
To make sure you keep getting these emails, please add insights@gomedici.com to your address book or whitelist us. 
Our postal address: MEDICI Global Inc. PO Box 473944, Charlotte, NC 28247
Stay in touch!

Linkedin    Facebook    Twitter