Tuesday, September 10, 2019
Payments Risk Management
This blog was co-authored by ACI’s Jay Floyd and Iain Swaine, head of Cyber Strategy for BioCatch in the EMEA region
Have you ever received a text from your bank asking you to confirm a transaction by replying Yes or No? You then realise you don’t recognize the transaction, reply No, and receive another text instructing you to call a telephone number to discuss this unknown payment further. Suddenly you’re hit with the fear that someone has hacked into your bank account. But, do you ever consider that the text you received was, in fact, a scam?