Why voice-based scams are a growing threat to banks
By Mike Pappas, CEO & Co-founder, Modulate
AI Summary
- Voice scams can result in significant financial losses for both banks and customers.
- Phone lines remain a critical vulnerability in the finance sector, despite being one of the oldest communication methods.
Texas Relevance
The article does not mention Texas or any Texas-specific entities. It discusses a general issue affecting banks and credit unions nationwide.
Original Content
Voice scams can cost banks and customers millions in seconds -- why phone lines remain one of finance's biggest blind spots.