Abrigo

JULY 10, 2023

Stay up-to-date on AI fraud trends to protect your clientele Emerging AI fraud schemes reveal holes in financial institution's defenses. Here are several suggestions for tightening security. Takeaway 2 Improving security questions is a good step to take to avoid text-to-speech AI fraud schemes.

Fraud 150

Fraud How To social media Security 150

Abrigo

JULY 13, 2023

Avoid fraud losses from pig butchering scams FinCrime professionals looking to prevent pig butchering scams in the age of cryptocurrency can follow these steps to tighten security. Takeaway 1 Investment fraud schemes known as pig butchering scams contributed to $3.3 billion in fraud losses in 2022. billion in 2021.

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Fraud cryptocurrency Training social media 195

Abrigo

NOVEMBER 17, 2023

Measuring the cost of fraud losses. The true cost of fraud goes beyond the initial reported fraud losses Would you like other articles like this in your inbox? Takeaway 1 Fraud scams made worse by the pandemic continue to be successful, while crypto-scams are emerging. That equates to $35 billion annually.

Fraud 195

Fraud Training Trends Compliance 195

Payments Dive

JUNE 16, 2023

Relay Payments’ app-based system uses secure codes to make transactions, allowing drivers to avoid worries about fraud, said Spencer Barkoff, the company’s co-founder and president.

Payments 195

Payments Fraud System Security 195

Abrigo

SEPTEMBER 20, 2023

Understanding tax ID fraud FinCrime professionals looking to prevent tax ID fraud, first need to understand the fundamentals of what is happening and their best recourse for prevention. Takeaway 3 If you suspect this type of fraud, file a SAR with the term "tax refund fraud" in the narrative.

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Taxes Fraud Trends Exercises 195

Abrigo

OCTOBER 19, 2023

It’s the time of the year when we celebrate Cybersecurity Awareness Month, a global initiative to raise awareness and educate people about the importance of staying safe and secure online. Cybersecurity Awareness Month is now in its 20th year and has a new enduring theme: Secure Our World.

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Online Security Resources Training 221

PYMNTS

AUGUST 9, 2019

In other security news, phone numbers can provide a treasure trove of information about a consumer who is trying to open an account with an online merchant, onboard to an online service or sign up for a new banking account. Merchants are scrambling as the strong customer authentication (SCA) deadline looms.

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Security Fraud Data Online 116

Abrigo

FEBRUARY 9, 2024

residential real estate sector but safeguarding our economic and national security.” Know the red flags for money laundering. WATCH NOW Takeaway 1 Real estate money laundering is a serious issue , with a n estimated $2.3 billion laundered between 2015 and 2020 through the U.S. real estate market alone. billion through U.S.

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Training Fraud Trends Report 195

Abrigo

SEPTEMBER 20, 2023

How financial institutions can prevent losses from 1st-party fraud Learn strong approaches to identifying, preventing, and detecting 1st-party fraud that will keep your AML program on top of fraud trends. Takeaway 3 Prevention and detection best practices can curb hard dollar 1st-party fraud losses while protecting clients.

Fraud 195

Fraud Trends Cards Software 195

FICO

AUGUST 6, 2018

Fraud departments must juggle fighting financial crime with providing customers with an excellent experience – at the same time they must improve efficiency and drive down costs. What they do when fraud and security causes inconvenience. What the fraud department can do to improve customer satisfaction.

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Policies Fraud Security Survey 45

Perficient

FEBRUARY 29, 2024

This blog was co-authored by Perficient’s Chief Strategist and banking expert: Scott Albahary A slowing global economy, coupled with a divergent economic landscape, poses challenges for the banking industry in 2024. The emergence of modern alternatives to traditional credit scoring signifies a broader movement toward financial inclusion.

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Trends Industry Analytics Compliance 221

FICO

OCTOBER 26, 2018

Our recent fraud and security survey of 2,000 US adults allowed us to look at the data by different demographic factors. In an earlier post I wrote about how fraud and security issues differ by age group. Security Measures. 37% of men also find security measures over-complicated, compared to 30% of women.

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Survey Fraud Security Online 45

Abrigo

OCTOBER 28, 2021

Growing Cyber Fraud Concerns What can financial institutions do to prevent and detect cyber fraud? You might also like this blog on cyber fraud. Takeaway 1 Cyber fraud increased during the pandemic, leaving financial institutions working harder to prevent and detect it. Preventing Cyber Fraud. Learn more.

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Video Fraud Training Analysis 195

PYMNTS

DECEMBER 31, 2020

Debit card issuers face an ever-growing array of fraud schemes perpetrated against them and their account holders. Effective card offerings require financial institutions (FIs) to quickly and accurately detect myriad forms of fraud, forcing them into a delicate balancing act. Security challenges are mounting, too.

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Fraud Strategy Security Cards 273

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? How banks and credit unions can leverage regtech What FI staff members need to know when considering implementing regtech in the banking sector. What is regtech? Of course, banks and credit unions are highly regulated industries, and this is increasing.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? How banks and credit unions can leverage regtech What FI staff members need to know when considering implementing regtech for banks. Takeaway 1 Regtech uses new technologies such as AI and machine learning to streamline processes that keep organizations compliant.

Technology 195

Technology Fraud Compliance Regulation 195

PYMNTS

DECEMBER 17, 2020

Digital fraud is a long-running problem for merchants, retailers, banks and businesses of all types. Account takeovers and shipping fraud increased by 347 percent and 391 percent, respectively, between 2018 and 2019, and the pandemic has only exacerbated these issues. Developments From The World Of Digital Fraud.

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Fraud Online Retail Examples 255

FICO

OCTOBER 18, 2018

But it can be difficult to really understand how, or if you should be customizing online experience to different age group, and how you do that when you must also manage fraud and security. Our survey of 2,000 US consumers uncovers how the age of customers affects what they think about fraud and security measures.

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Survey Fraud Security Groups 40

Abrigo

NOVEMBER 1, 2021

Combating Cyber-Enabled Fraud Requires Communication Increases in cybercrime or cyber-enabled fraud deserve attention from financial institutions, as Abrigo expert Terri Luttrell explains in this video. . You might also like this whitepaper, "The 2021 BSA/AML and Fraud Staff Survey: Top Issues for FinCrime Fighters".

Fraud 195

Fraud Video Training Compliance 195

Payments Dive

JUNE 14, 2019

The new EMV Secure Remote Commerce specifications may provide a solution to a longstanding problem with ecommerce checkout creating friction for consumers and being vulnerable to fraud.

Security 374

Security Fraud 374

Payments Dive

DECEMBER 12, 2019

As a rising number of consumers use digital payments to conduct ecommerce transactions, businesses need to make sure their mobile apps are secure. Customer identity and payment information is increasingly at risk as fraud actors find new ways to compromise mobile platforms.

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Mobile Security Payments Fraud 347

FICO

JANUARY 8, 2018

One of the newer applications of artificial intelligence rose to the top of the Fraud & Security blog last year: anti-money laundering. Here were the top 5 posts of 2017 in the Fraud & Security category: AI Meets AML: How the Analytics Work. AI Meets AML: How Smart Analytics Fight Money Laundering.

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Meeting Fraud Security ATM 53

PYMNTS

JANUARY 27, 2021

This increased digital presence also brings a greater risk of digital fraud, however. Some schemes that are impractical to wage in person are simpler to perpetrate online because of a decreased security presence, the anonymity of transactions and fraudsters’ abilities to stage hundreds of attacks simultaneously.

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Security Innovation Fraud Study 213

Abrigo

MARCH 3, 2023

Ten red flags to help you identify check fraud A financial institution's guide to identifying mail-related check fraud. You might also like this webinar, "Proactive measures to protect against check fraud and fraud loss." Losses from check fraud total $18 billion annually, representing more than a million checks daily.

Fraud 195

Fraud United States Trends Software 195

Abrigo

OCTOBER 16, 2023

Takeaway 2 Participation in BaaS models, staffing changes, poor training, and failure to reassess policies post-pandemic are risk factors for credit unions Takeaway 3 Compliance officers should always be thinking about how BSA, AML, and fraud concerns impact their credit union and , ultimately , their members. FinCEN assessed a $1.5

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Training Compliance Fraud Policies 221

PYMNTS

JANUARY 26, 2021

These struggles are leading many to examine cutting-edge tools that can help them better protect these transactions from fraud,” according to PYMNTS January 2021 Real-Time Payments Tracker® done in collaboration with The Clearing House. They’re also “very interested.”. Safeguarding Irreversible Payments.

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Fraud Los Angeles Tools Security 274

ATM Marketplace

AUGUST 9, 2019

Is your ATM fleet safe from smash-and-grabs, jackpotting, and cash trapping? If you can’t answer with a confident and resounding yes!, don’t stress. In this whitepaper, you can learn about these major threats and how to protect your ATMs (and the cash inside).

ATM 48

ATM Fraud Security How To 48

Payments Dive

JANUARY 31, 2019

Mobile point-of-sale systems are a growing consideration for retailers, but carry a number of concerns about fraud and secure payment.

Fraud 391

Fraud Mobile Retail System 391

PYMNTS

SEPTEMBER 28, 2020

Pandemic-related fraud attempts continue to climb. This week's B2B Data Digest looks at the latest figures behind such fraud targeting corporate finance teams. This week's B2B Data Digest looks at the latest figures behind such fraud targeting corporate finance teams. Barrenechea in a statement. 45 percent of U.S.

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Fraud Training California Security 241

Abrigo

FEBRUARY 28, 2023

You might also like this webinar, "Proactive measures to protect against check fraud and fraud loss." REGISTER now Takeaway 1 Phishing is not a new fraud trend, but the rise of smartphones means text messaging fraud is becoming more common. billion to fraud in 2021, a 70% increase over the prior year.

Fraud 195

Fraud How To Training Trends 195

PYMNTS

NOVEMBER 13, 2020

The telecommunications industry is but one of many sectors looking to more securely verify customers and avoid fraud, which remains a growing problem. Robust digital ID verification practices could make many fraud schemes a thing of the past, but many banks and businesses have yet to adopt them. More than 6.2

Fraud 242

Fraud US Mobile Study 242

Payments Dive

AUGUST 3, 2018

Host, Will Hernandez, discusses mobile fraud, how to combat it, and the recent trends to look out for, with Kount's VP of Marketing, Don Bush. Will also chats with Bradley Cooper, editor of Digital Signage Today and Blockchain Tech News, about the future of blockchain.

Trends 170

Trends Fraud Mobile Marketing 170

PYMNTS

JANUARY 8, 2021

Equifax has inked a deal to purchase artificial intelligence (AI)-powered fraud prevention and digital identity technology provider Kount for $640 million. As digital migration accelerates, managing authentication and online fraud while optimizing the consumer's experience has become one of our customers' top challenges,” Equifax CEO Mark W.

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Idaho Fraud United States Customer Experience 295

Abrigo

DECEMBER 27, 2022

Fraud trends for financial institutions to watch for in 2023 Financial institutions should not expect a slowdown of any of 2022’s fraud trends. Takeaway 2 A worsening economy increases pressure to commit fraud, provides opportunities to commit fraud, and can be used as an excuse by criminals to rationalize their actions.

Fraud 195

Fraud Trends cryptocurrency Software 195

PYMNTS

AUGUST 24, 2020

In a case that highlights how anybody — truly, anybody — can be a victim of invoice fraud, federal officials have reportedly charged two brothers in New York State for an alleged $19 million scam targeting Amazon. Fitzhugh warned, "Invoice fraud is not a victimless crime. Canada and the world over. Canada and the world over.

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Fraud New York United States Security 298

PYMNTS

AUGUST 3, 2020

When it comes to B2B payments fraud, it’s not a matter of if it happens, but when. Speaking with Karen Webster in a recent interview , OnPay Solutions President and CEO Neal Anderson explained that organizations have to prepare themselves to mitigate the fraud threat, even as employees work from home. ” $4.13 ” $4.13

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Fraud Payments Philadelphia Regional 328

BankNXT

MAY 23, 2016

Joan McGowan highlights the progress of two banks, Alfa-Bank and USAA, and their forays into credit risk model technology and biometric security. Security, fraud and risk model bank profiles: Alfa-Bank and USAA on BankNXT.

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Fraud Security Technology Risk Management 46