3. Prevent unauthorized access to accounts
It is essential to promote multi-factor authentication (MFA) which could add an additional layer of security apart from passwords.
Additionally, you should deploy shared intelligence databases to identify suspicious logins, based entirely on device, location, as well as other factors.
Along with this, it is important to check out for any parameters of advanced technologies to combine diversified methods to create a strong defense coverage over the loan-lending accounts.
You need to build the security of the lending application right from the infrastructure phase. Here, it is important to build a perimeter defense comprising multiple proxy servers along with firewalls.
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In addition, it is important to create secure mechanisms related to the management, monitoring and maintenance of servers, as well as third-party services integrated into the application.
Here, you can create secure mechanics related to the redundancy of the application infrastructure, with the help of HTTPS SSL, certificate, and with the help of an additional VRN layer to enhance the security of the lending application.
Additionally, through application maintenance services , you can consider continuous security audits and bug fixes to make your application secure.