Is Multi-Factor Authentication the Answer for Fintech?

With each application and website that hosts financial data such as bank details, there are several access points for hackers to enter and steal confidential financial information. Identity theft is the singular most common criminal occurrence and research has shown that individuals will be hacked at least once in their lives.    Banks are increasingly fielding complaints and lawsuits that hold them partially responsible for identity theft. The increasing sophistication of fraud has led to the need for more advanced security in Fintech applications and websites.   Traditionally, a numeric…

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