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Onespan urges banks to strengthen integrated fraud detection amid rising threats

Onespan urges banks to strengthen integrated fraud detection amid rising threats
Onespan urges stronger fraud defense

Onespan is drawing attention to the need for banks to enhance their application protection strategies in the face of growing fraud risks. Christian Schlaeger, Vice President of Integration and Strategic Leadership at Onespan, argues that financial institutions require better visibility and an integrated approach to fraud detection and response.

Schlaeger underscores that relying solely on current application security measures is no longer sufficient. He recommends that banks adopt advanced tools capable of providing real-time insights and coordinated defense to stay ahead of increasingly sophisticated fraud tactics.

Onespan previously reported a 93 percent success rate for passkeys in the banking sector according to the FIDO Alliance index. The company has also promoted secure digital agreement experiences for financial institutions aiming to improve client onboarding. These developments come as banks seek stronger protection measures against rising fraud threats.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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