J.P. Morgan, Chubb Insurance and PaymentWorks recently came together for an enlightening panel discussion on the state of fraud today. The bad news? Fraud isn’t going away – in fact, the FBI tells us it’s a $43 billion dollar problem. The good news: There are tangible things you can do to protect yourself and your organization.

Here are my top 3 takeaways from the discussion that will help you stay vigilant and prevent a social engineering fraud from costing your business millions.  

In an effort to stay competitive U.S. banks are budgeting big money on tech updates in 2022!

JP Morgan Chase recently announced plans to spend most of its new project budget – a number close to $15 billion – on tech plans as a necessary means to meet customer expectations and compete with other banks and fintechs who are making innovative use of tech. 

So exactly what type of technology are these dollars being spent on?