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Innovation

Innovation

Innovate or Die.

It has become a common refrain over the past decade or so for banks when it comes to technology, particularly when faced with fintechs wishing to disrupt what has traditionally been part of banking’s value chain. But in the U.S.,the challenges associated with innovation come not only from fintechs but also from the relatively glacial pace of regulatory change.

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In an online world, scammers are using new tricks and forms of deception to get what they want from their victims. Although the tools may have changed, today’s scams are not much different from the old-school “pigeon drop” scam in which a victim is persuaded to give the scammer money with the promise of receiving a much larger sum. In this new scenario, cybersecurity training is essential to protect the private data of both individuals and professionals.

In an online world, scammers are using new tricks and forms of deception to get what they want from their victims. Although the tools may have changed, today’s scams are not much different from the old-school “pigeon drop” scam in which a victim is persuaded to give the scammer money with the promise of receiving a much larger sum. In this new scenario, cybersecurity training is essential to protect the private data of both individuals and professionals.