Inter-Bank Privacy Enhanced Information Sharing: Fraud Detection and Prevention
source link: https://www.informationweek.com/whitepaper/risk-management-security/business-intelligence/inter-bank-privacy-enhanced-information-sharing-fraud-detection-and-prevention/438563?gset=yes&keycode=sbx&cid=smartbox_techweb_whitepaper_14.500005075&_mc=smartbox_techweb_whitepaper_14.500005075
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Inter-Bank Privacy Enhanced Information Sharing: Fraud Detection and Prevention
Bank fraud is a growing epidemic that has spread to financial institutions throughout the world. This report makes a business case for the use of privacy-enhancing technologies that enable banks to share customer account and device information, thus raising the maturity of their fraud detection and prevention capability.
Key takeaways from the research and analysis:
• The anonymity of digital banking has changed the landscape of financial crime.
• Bank data sharing needs to extend beyond government agencies and third-party clearing houses to effectively combat fraud.
• Privacy-enhancing technology is the ideal enabler of decentralized inter-bank information sharing, encrypting shared data while allowing the underlying account and device data to be queried and analyzed. Read now to learn more.
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK