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Account takeovers, mule accounts leading cause of bank frauds in India

Account takeovers, mule accounts leading cause of bank frauds in India

February 21, 2024February 22, 2024 · Banking

Account takeovers represent more than half of all banking fraud cases in India, with third-party account takeovers accounting for around 55 per cent frauds, much higher than social engineering…

Read more Account takeovers, mule accounts leading cause of bank frauds in India
Listen: Preparing for the CFPB’s new open banking rule | Bank Automation News

Listen: Preparing for the CFPB’s new open banking rule | Bank Automation News

December 13, 2022December 13, 2022 · Banking

The Consumer Financial Protection Bureau (CFPB) plans to propose a new open banking rule in 2023 requiring financial institutions to share consumer data upon consumers’ requests. Along with…

Read more Listen: Preparing for the CFPB’s new open banking rule | Bank Automation News
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