Financial institutions have ways to protect clients and manage risk
Mr. Rahman in this LinkedIn post offers some well-known ways for financial institutions to manage risk and protect their valuable clients and members from being defrauded. It is well done and a good review for anyone working in a financial institution that has responsibility to protect their customers. Mostafizur Rahman, MBA, AIBB, JAIBB, BSc (EEE) […]
Too much onus placed on consumers to stop scams
While not disputing the results of this TD Bank survey below which Money Canada has written about, the fact of the matter is there is huge asymmetry between what financial institutions know about the sophistication and AI enabled techniques employed by fraudsters through social engineering to remove Canadians of their savings and unsuspecting consumers who […]