Prevent Financial Fraud and Man-in-the-Browser Attacks
To maximize the continued growth in online banking services, financial institutions must overcome the many security challenges and threats posed by the volume and sophistication of online financial fraud.
From Identity (ID) theft and phishing schemes to Man-in-the-Middle and Man-in-the-Browser attacks – online fraud continues to increase, resulting in significant financial losses and causing a strain on the trusted relationship between financial institutions and their customers.
MITB attacks pose a high risk to online banking:
- Computers are easily infected
- MiTB attacks are hard to detect
- Traditional strong authentication and fraud detection doesn't help
SafeNet’s strong authentication solutions help banks combat financial fraud resulting from MiTB attacks, enabling them to:
- Meet their business objectives of expanding the range of safe and secure online services that they can offer customers
- Address security considerations resulting from the increased sophistication of malware and cybercrime
- Protect sensitive financial data and online transactions
- Uphold their reputation for protecting customers’ identities
Solutions that help banks mitigate the risks of MiTB attacks:
- Out-of-Band (OOB) Authentication and Transaction Verification
- Secure Browsing with a Trusted Browser