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Did you know that according to a recent report from Javelin there’s a one in ten chance that money will be fraudulently withdrawn from your bank account? Face it. That means you have a good chance of being next. It’s not just about the bank’s reputation, but also yours.
So what can you do about it? Talk to your bank and find out what preventative measures are being taken. Find out how they’re protecting the money in your account and most importantly, ask questions.
Lastly, find out where you stand when money is fraudulently removed from your account. Is the bank responsible, and will it reimburse any lost money?
Tackling financial crime is still a big challenge for many organizations and the technology arms race will continue against criminals. By taking preventative measures you stand a better chance of staying ahead in the race.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Konstantin Rabin Head of Marketing at Kontomatik
02 August
Denys Boiko Founder at Erglis
01 August
Michael Zetser CEO at Flyfish
Jamel Derdour CMO at Transact365 / Nucleus365
31 July
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