- New whitepaper “Tackling Mobile Identity Fraud in Financial Services” by TMT Analysis reveals ways Financial Services (FS) firms can reduce fraud and improve consumer trust
- Data reveals that 45% of UK adults believe FS is more vulnerable to fraud than ever before and a similar proportion (46%) believe that FS providers do not have strong enough identification measures in place to protect them
- As an example of the opportunity within FS if trust were improved, a quarter of UK adults would be willing to invest (or invest more) in crypto if they could be reassured about their security concerns around the market
- FS companies need more stringent security measures such as verifying identify via mobiles which is a highly effective method to mitigate fraud given almost half (46%) of people have had the same phone number for over a decade
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- Vigilance
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