FinExtra: Mitigating fraud risk: effective strategies for small financial institutions

Passwords are one of the most common targets for fraudsters. Strengthening password security demands robust authentication methods, risk-based measures and behavioural analysis to detect anomalies. Active exploration of innovations like Passwordless Login, based on the robust Fast Identity Online 2 (FIDO2) standards developed by the FIDO Alliance, is essential to bolster online security and authentication.