Biometricupdate Sumitomo Mitsui Trust Bank Enhances Mobile Banking Security Amid Rising Fraud
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Sumitomo Mitsui Trust Bank (SuMiTB) has partnered with SCSK Corporation and OneSpan to implement a cloud-based FIDO authentication solution to enhance mobile banking security. This initiative addresses the increasing threats of account takeover and phishing fraud, which have led to significant financial losses in Japan, totaling approximately ¥690 billion (US$4.44 billion) in 2025.
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