As the techniques of online fraud continually morph and evolve, banks are coming to realize that fraud is not a problem that can easily be contained; it’s an ongoing threat that requires strong and constant surveillance. Fraudsters are relentlessly inventing and reinventing tools to conduct sophisticated real-time attacks, such as man-in-the-middle, man-in-the-browser, and Rock Phish attacks. These kinds of attacks are becoming more frequent in the online banking arena, resulting in a crisis of customer confidence and significant financial losses reaching into the millions.
Man-in-the-middle attacks prey on the difficulty of verifying both the authenticity of a transaction as well as the authenticity of the customer who initiates it. VASCO addresses this security gap with its e-signature solution, which conveniently operates on the same back-end platform as other VASCO strong authentication solutions and products.