Original Source Material
Voice scams can cost banks and customers millions in seconds -- why phone lines remain one of finance's biggest blind spots.
Why voice-based scams are a growing threat to banks
Summary
- Voice scams pose a significant financial risk to banks and customers, potentially costing millions in seconds.
- Phone lines remain a critical but overlooked security vulnerability for the finance industry.
Why It Matters for Texas Credit Unions
Relevant as Texas CUs are subject to similar fraud risks and need to enhance their security measures accordingly.