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Is Fraud Mitigation on Mobile Devices A Riskier Business?

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The increasing demand for mobile access to banking transactions and other e-commerce activities will likely result in system weaknesses that fraudsters will try to exploit. But with projections that more than 1 billion people will have used mobile devices to access their bank accounts alone in 2015, 1 — a figure that is expected to double by 2020 — it's imperative that organizations accelerate initiatives to engage customers on smartphones and tablets. Companies that were quick to recognize the opportunities that mobile interactions represent are confidently engaging consumers with risk-mitigating technologies. In addition to taking advantage of the security-boosting technology built into smartphones and tablets, they are thwarting persistent fraudsters with robust identity-verification solutions. Is Fraud Mitigation on Mobile Devices A Riskier Business? 5 Questions to Gauge Your Risk 1 Juniper Research, "Mobile Banking Users to Exceed 1 BN This Year, Representing Nearly 1 in 5 of Global Adult Population" (press release), Oct. 2015

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