Building a Real-Time Cyber Security Response to Real-Time Payment Fraud

The real-time payments industry is evolving and expanding. Today, real-time payments reach 65% of demand deposit accounts, and they are increasingly faster and more reliable. In the next five years, 99% of corporations generating more than $1 billion in revenue will use real-time payments. The news is exciting for the industry, but as adoption of payments technology increases, theft and fraud exposure grows in step.

Real-time payments require a real-time cyber security response. With a growing number of cyber threats and increasing regulation, banks and financial institutions need to evolve cyber security measures.

Click here to read the full article by PayQuicker Chief Information Security Office, Edward Woodfield, on Finextra.com.