Built on Security

Open banking is based on secure transactions for participants and consumers.

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Security continues to evolve

With APIs, encrypted data transfer and reduced information sharing, open banking has security at its core. But as the ecosystem grows, it’s inevitable that scammers will target participants and your customers. We have made a number of resources available to help you implement best practice counter-fraud controls.

Your guide to security and counter-fraud controls

Security sits at the heart of open banking – but participants still need to understand security and fraud threats and how best to defend against these.

Developed alongside participants and industry bodies, our security and counter-fraud guidelines help you develop mature and robust controls needed to safeguard you and your customers.

Download the guide
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Use our counter-fraud self-assessment tool

Remove the guesswork. Our comprehensive counter-fraud self-assessment tool highlights key controls and helps you identify opportunities for improvement. You can also apply for a formal IASME counter-fraud certification to give your customers confidence you have robust controls in place.

Test your controls
self assessment tool

Join our Working Group advancing security and counter-fraud defences

We established the Open Banking Security & Fraud Working Group to foster collaboration and raise visibility of emerging threats. Working with industry partners – including the Cyber Defence Alliance, CIFAS, and IASME – we drive cross-ecosystem collaboration, including sharing of threat intelligence data, thought leadership and best practice.

Join the group and, together, we can keep open banking one step ahead on security.

Contact us to get involved
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Security & Counter-Fraud enquiries

If you have an enquiry related to open banking security & counter-fraud, please contact us at below:

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