One in four banks struggle to identify customers onlineMay 5, 2017, 7:38 am
Banks find themselves in need of security technologies that do not undermine the customer experience: 38 per cent of the organisations surveyed confirm that balancing prevention techniques and customer convenience is one of their specific concerns.
“While thinking of different approaches to secure digital and mobile channels, banks naturally avoid putting too much pressure on customers. Online banking should preserve its main benefits: as a convenient way of making financial transactions in seconds. That is why we are working on technologies that help to protect both banks and their customers without adding an extra security routine to the user’s experience,”said Alexander Ermakovich, Head of Fraud Prevention at Kaspersky Lab.
In addition to two-factor authentication and other security procedures used by banks, Kaspersky Lab recommends implementing dedicated solutions that can help to identify whether a person is authorised, without requiring additional actions from the user. The Kaspersky Fraud Prevention platform accumulates and analyses user behaviour, device, environment and session information as anonymised and depersonalised big data in the cloud. Risk Based Authentication (RBA) assesses possible risks before a user’s login, while Continuous Session Anomaly Detection identifies account takeover, money laundering, automated tools or any suspicious processes during the session.
As a result, the platform provides protection not only at the stage of login, but also during the session itself, while customers do not have extra authorisation stages to pass through.
To learn more about the Kaspersky Fraud Prevention platform please visit the website.
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