How the banking sector is adapting to security and regulatory requirements [Q&A]

Banks and other financial services institutions have been moving more and more towards digital in order to streamline processes and improve customer service. The pandemic has accelerated this process but has also brought a rise in cyberattacks. Regulators have also begun to take more notice of security practices surrounding accounts. We spoke to Michael Magrath, director of global standards and regulations at authentication and fraud prevention specialist OneSpan, to discover more. BN: Has the 'dash for digital' and increased remote access been moving ahead of systems security? MM: Certainly on the mobile app side I would say yes, and that's… [Continue Reading]