Cyber threats have become so widespread and well orchestrated that new security methods must be implemented if banks intend to fully protect the sensitive data entrusted to them. Yet there is hesitation. Banks are understandably risk-averse when it comes to trying new measures out, because they work hard to establish and maintain trust relationships with their customers and don’t want to do anything that would jeopardize that trust.
Sourced through Scoop.it from: www.mobilepaymentstoday.com
Robert Capps, the vice president of business development at NuData Security, believes banks need to provide more responsive mobile experiences and do so by going beyond what he thinks are passive biometrics and behavioral analytics.