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It wasn't necessarily fundamentally that different from the kind of fraud that we've seen in the past, but people and businesses forgot good [ security ] practices because there was such a sense of urgency and the environment.”. Customers are largely willing to accept a little extra friction in the name of security, Kakani noted.
FICO Identity Proofing and FICO Authentication Suite give consumers exactly what they have been searching for – the perfect balance between a frictionless and secure experience. In the next two years, biometrics will be table stakes, and a critical add to the layer controls provided by multifactorauthentication.
As AiTM fraud rises, businesses must adopt multi-layered security, biometric authentication, and user education to stay ahead of evolving threats. These techniques exploit system vulnerabilities, emphasising the need for strong security measures to protect sensitive data.
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