MEDIUMVulnerability
Global
Why Fraudsters Keep Winning Despite Technology Advancements
·Source: Bank Info Security
Updated:
Executive Summary
Fraud Expert Ken Palla on Why Detection Controls Still Lag Behind Fraud continues to climb even as banks invest heavily in detection tools and analytics. The gap between technology spending and fraud losses reflects a
Analysis
Fraud Expert Ken Palla on Why Detection Controls Still Lag Behind Fraud continues to climb even as banks invest heavily in detection tools and analytics. The gap between technology spending and fraud losses reflects a deeper issue in how financial institutions approach scam prevention, says Ken Palla, retired director at MUFG Bank.