Online security compromises, like leaks about the NSA accessing private financial accounts and cyber-criminal attacks, have raised anxieties about the effectiveness of security measures used by banks to protect sensitive account information.
This issue has been further complicated by the increased popularity of mobile banking applications, which has given hackers a new way to access account numbers, passwords, and other private data. Establishing digital security is not a one man's effort. It requires the cooperation of bank account holders and preventive measures from digital application platforms and financial institutions.
Veridin.com Financial and Bank Security Systems are a good example of the type of solutions that 21st century banks have to use to keep their data and business information secure and away from the hands of hackers.