A new report by Accenture Security talks about the growing fraud risk at banks and potential solutions they can implement to better protect their organizations; synthetic identities allow a fraudster to gain complete access to an account so they can manipulate different features to steal money; 2018 saw more than 43,000 breaches across all industries, this is a big worry for financial firms as many customers like to use similar login details for the various accounts they hold; the report concludes that managed security along with collaboration, investments in people and tech, simulation and more will help top better protect financial firms from the growing threats they face. Source.
