916. Insights: How fintech can fight back against the fraudsters
Fintech Insider Podcast by 11:FS
Navigating Fraud in the Digital Age
This chapter examines recent UK regulations aimed at shifting the financial responsibility back onto organizations, particularly banks, in preventing fraud. It highlights the critical need for personal accountability and education in the digital banking landscape, asserting that individuals should protect their digital assets as carefully as physical cash. The discussion also covers the role of social media in fraud proliferation, the use of advanced technology by criminals, and the collaborative efforts needed between banks and tech platforms to enhance fraud prevention.
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