Are secured and frictionless cybersecurity solutions a pipe dream?

The weakest point in a digital banking system is the user while banks’ side is usually strongly protected, banks know about it. The whole technical team of a bank – including the risk division – will do their best to protect bank clients and for this purpose they offer super strong solutions. However, regular security solution and positive user-experience seem to be incompatible.

Quickly-growing phone scam targets bank customers via text message

Scammers targeted bank customers through SMS about “suspicious withdrawals”.

German banks are moving away from SMS one-time passcodes

Multiple German banks are dropping to support SMS OTP as a login authentication and transaction verification method.