New Forbes Insight Report Reveals Almost 70% of Banking and Finance Leaders Believe AI-Powered Fraud Will Threaten the Security of User Transactions in 2024
SOMERSET, N.J., March 27, 2024 (GLOBE NEWSWIRE) — CompoSecure, Inc. (Nasdaq:CMPO), a leader in metal payment cards, security, and authentication solutions, today announced its participation with Forbes Insights on a new report, Security Should Be Simple: Your Road Map for Preventing Fraud & Building Trust. The Forbes Insights report highlights growing pressures and expectations for fraud prevention and user authentication based on survey results from 200 business leaders in banking and financial services. Key findings include a majority of respondents (68%) expect to increase spending on fraud detection, nearly half (46%) advocate for updates to security protocols for competitiveness, and over half (51%) identify the challenge of balancing security with user convenience. This is the latest original research from Forbes Insights, which provides actionable intelligence for C-Suite executives and other industry participants.