Distinguished  Guests, technology is the future of banking and many of us w elcome  the  benefits  of  new  information  and  communication technologies, in various facets of our lives, including  enhanced  cost-effective access  to  financial  services and the associated convenience of conducting banking and other transactions.
How ever, in as much as  these technologies increase efficiencies and bring other 11  economic benefits, the speed, scale and the cost of any fraudulent activity perpetrated through these channels can be enormous, ruining the lives of many and causing major harm to institutions and society, in general.