Accenture: Re-organizing For Today’s Cyber Threats: Converging Fraud Risk Management With IT Security

The past two decades have seen an accelerated rate of product development and technology adaptation within the financial services sector. From the introduction of the first online banking service in the US in 1994, the industry has developed and implemented increasingly innovative services.1 Customers today benefit from contactless card payments, mobile banking apps and person-to-person payments, to name just a few of these innovations.

The threat for banks however, is that, in tandem with

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