World & Business

Online scams cannot be stopped by banks alone

HS says effective prevention requires banks, authorities, telecom operators and technology companies to work together. A phone or payment device could be the visual focus for the story.

Online scams will not be brought under control if the burden falls only on banks. According to HS, prevention depends on cooperation between banks, authorities, telecom operators and technology companies.

The problem often spans several stages, from a message or call to an actual payment. That is why no single actor can solve it alone; shared procedures and fast information exchange are needed.

Sources

Story based on reporting from the outlets above. Päivän Sanomat editorial rewrite.

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