Soaring scam and fraud sophistication remains top challenge for financial services sector [Yahoo! Finance]
Mitek Systems, Inc. (MITK)
Last mitek systems, inc. earnings: 4/30 04:05 pm
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US:NASDAQ Investor Relations:
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Source: Yahoo! Finance
Financial institutions are on the frontlines of the evolving threat landscape. Mitek's research reveals the concerns that affect them as they try to keep people, their money, and their data safe. Mitek Identity Intelligence Index key findings Banking risk and innovation leaders surveyed grapple with concerns across many different fraud types. Their biggest fraud threats are currently money laundering (25%), account takeover (23%) and forgeries (21%). The biggest challenges today are the rise of AI-generated fraud and deepfakes (37%). Almost a third (32%) of risk professionals estimate that up to 30% of all transactions are fraudulent. This provides insight into how complicated the fraud landscape is today. New customers give banks the biggest shiver The findings reveal that new customers are often the riskiest. Banks surveyed cite that customer onboarding, or account setup, is where they see the most fraud (42%) and the most risk (41%). Nearly 1 in 5 (19%) banks find it hard
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MITK
News
- Mitek Systems' (MITK) Q2 Earnings Decline, Revenues Rise Y/Y [Yahoo! Finance]Yahoo! Finance
- Mitek Systems, Inc. (NASDAQ: MITK) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $19.00 price target on the stock.MarketBeat
- Viewpointe and Mitek announce partnership to strengthen check fraud detection [Yahoo! Finance]Yahoo! Finance
- Viewpointe and Mitek announce partnership to strengthen check fraud detectionPR Newswire
- N-iX enhances partnership with Mitek Systems to offer strengthened fraud prevention services [Yahoo! Finance]Yahoo! Finance
MITK
Earnings
- 5/10/24 - Miss
MITK
Sec Filings
- 5/13/24 - Form 8-K
- 5/10/24 - Form 10-Q
- 4/24/24 - Form 8-K
- MITK's page on the SEC website