Financial institution budgets for next-generation MFA solutions in 2025

Financial institutions concerned about cybercrime plan to invest in next-generation multi-factor authentication solutions over the next year to combat cybercrime. A Nov. 19 report from cybercrime solutions firm Arkose Labs surveyed 60 North American financial institutions to implement these solutions in 2025 as AI-related fraud becomes increasingly sophisticated. This is said to be a top priority for financial institutions.