Author: JT Smith
In todayÃ¢â‚¬â„¢s world, banks are required to comply with regulations and standards to protect the banks and financial institutions from fraud. To mitigate fraud, these banks and financial institutions need to supplement their internal controls compliance with biometric authentication. Biometrics will prevent data breaches of security. Fraudsters will not limit their fraudulent activities trying to perpetrate frauds using only an ERP system. Users of ERP systems must also secure email systems and any trading systems interfacing with an ERP system. This would tighten security and improve accountability.