Abrigo

SEPTEMBER 21, 2023

Internet bank fraud is here to stay; learn how to detect and stop it. Every type of fraud has something unique it leverages to dupe unsuspecting citizens. Learn what is different about internet bank fraud. Takeaway 1 It is important to monitor fraud effectively and consistently.

Fraud 195

Fraud Software Mobile Online 195

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

MAY 20, 2022

Fraud on Alert for 2022 A review of SAR data , government agenc y releases, a nd fraud findings found these f raud c oncerns and trends to wat ch in 2022. Takeaway 1 An Abrigo review of SAR data, government agency releases, and fraud findings revealed fraud trends to watch for. Fraud Concerns. Starting Point.

Trends 195

Trends Fraud Training Survey 195

Abrigo

MAY 10, 2022

financial system from money laundering, terrorist financing, fraud, and other illicit financial transactions. Financial institution resources are valuable, and you want to be sure to make a significant impact on each suspicious activity case. However, transaction details can be overwhelming in large cases.

Regulation 370

Regulation Fraud Resources Software 370

Abrigo

AUGUST 22, 2022

Emerging Check Fraud Trends to be Aware of It seems check fraud will never go away, it just changes its approach every opportunity. Takeaway 3 Watch out for business email compromise and the use of checks. Check Fraud. Still the number one type of fraud in banking. Find out what the latest iteration looks like.

Fraud 195

Fraud Trends Survey Technology 195

Abrigo

MARCH 4, 2022

Synthetic ID fraud is growing quickly and hurts FIs and customers Knowing the schemes associated with synthetic identity fraud and how criminals avoid detection can help minimize losses. Takeaway 1 Synthetic identity fraud is a growing form of identity theft in which an individual is impersonated by using stolen information.

Fraud 195

Fraud Cards Software Trends 195

Bank Innovation

JANUARY 23, 2020

The companies focus on a variety of use cases including customer acquisition, loan underwriting technology, conversational AI, fraud prevention, and other digital capabilities. Using […]. The competing companies are listed below.

Innovation 221

Innovation Seattle Fraud Technology 221

Abrigo

JANUARY 6, 2023

Check deposit fraud using “walkers” Financial institutions are seeing increased money mule scams using recruited "customers" to deposit stolen checks. Takeaway 1 Check fraud is not a new trend, but increased activity should put banks on high alert. Fraud scheme uses marginalized individuals as mules.

Fraud 195

Fraud Regulation Training Operations 195

Abrigo

JUNE 13, 2022

Elder fraud prevention and education Learn strategies for recognizing and reporting elder fraud and exploitation. . Takeaway 1 Elder abuse, exploitation and fraud continue to rise as the baby boomer generation ages. A growing target for elder fraud and exploitation. Fraud Tactics. Baby Boomers. Learn More.

Fraud 195

Fraud Training United States Survey 195

Payments Dive

MAY 29, 2019

What are the factors contributing to the rise of CNP Fraud? What are some of the real-time use cases for fraud prevention? How are authentication technologies evolving? How does FSS Secure 3D benefit issuers. And what’s new?

Security 170

Security Fraud Technology 170

Abrigo

MARCH 22, 2023

Understanding trade-based money laundering Addressing the FinCEN priorities in your AML/CFT policy means knowing what steps to take to prevent trade-based money laundering and terrorism funding. Still, law enforcement has reported the use of everything from air filters to gold bars. Vehicles and auto parts are prevalently used.

Training 195

Training Fraud New Jersey Regulation 195

Abrigo

AUGUST 7, 2023

Assessing and preparing for staffing needs AML and fraud compliance is an essential obligation for financial institutions. Making plans in case of shortages and being proactive by cross-training employees can help. Remember that sometimes using existing staff to cover unplanned vacancies may not be possible or cost-efficient.

Training 195

Training Fraud Leadership Resources 195

PYMNTS

SEPTEMBER 23, 2020

A recent study from PwC found that 47 percent of companies had experienced fraud at least once in the past two years, with a grand total of $42 billion in funds stolen over this period of time. There were 223,163 cases of identity theft that year across all generations, with 42 percent of them consisting of bank and credit card fraud.

Technology 208

Technology Report Fraud Study 208

Abrigo

DECEMBER 28, 2022

Most-read blogs on financial crime in 2022 Synthetic ID fraud, AML quality control, and SAR writing topics were among Abrigo's top blogs on AML/CFT and fraud this year. . Takeaway 1 AML/CFT and fraud professionals often keep up to date on industry trends by reading Abrigo's blog. The blogs your FinCrime peers are reading.

Fraud 195

Fraud Training Compliance Regulation 195

PYMNTS

DECEMBER 29, 2020

With digital transactions and eCommerce soaring during the pandemic, the rate of increasingly sophisticated fraud has also risen. Unlike the crypto markets, Wingert said the banking and payments industries continue to be slow to adapt to the challenges of KYC and fraud prevention.

Fraud 270

Fraud Compliance cryptocurrency Security 270

Abrigo

JANUARY 14, 2021

How Institutions Can Avoid Fraud Surprises in the Next Round of the PPP BSA and fraud professionals saw a spike in PPP fraud during the first two rounds of funding. How can they be better prepared to prevent fraud in this next round? Stopping PPP Fraud in New Round of Funding. PPP Fraud Spikes.

Fraud 195

Fraud Compliance Community Trends 195

Abrigo

JANUARY 3, 2022

Have you combined your BSA & Fraud Departments, or are you considering it? AML quality control is particularly essential as more financial institutions combine AML/BSA and fraud programs. In Abrigo’s 2021 BSA/AML and Fraud Staff Survey, two-thirds of respondents said their financial institution’s BSA department also covers fraud.

Texas 195

Texas Compliance Fraud Training 195

Abrigo

MAY 1, 2023

My analyst just quit, so I need to make time for alerts and cases.” Visit the National Suicide Prevention Lifeline or simply dial 988 to reach them. In addition, here are a few steps to decrease stress during your workday: Stand every hour and take deep breaths or use a meditation app. Was the SDN list updated again?

Strategy 195

Strategy Training Fraud Software 195

Abrigo

JUNE 28, 2023

Share these reports on AML activities to inform directors Reporting to the board on AML and fraud compliance is an essential obligation. Takeaway 3 Recommended reports on AML and fraud metrics for the board include those on high-risk customers and trends on types of fraud and suspicious activity seen.

Compliance 195

Compliance Fraud Report Trends 195

PYMNTS

OCTOBER 16, 2020

Fast-food giant McDonald’s was not interested in using AI or data analytics until it noticed that many of its competitors were benefiting from the technologies. McDonald’s use of these technologies demonstrates just a few of the ways in which restaurants are leveraging the data at their disposal to gain greater customer insights.

Analytics 273

Analytics Data Fraud Tools 273

Abrigo

AUGUST 19, 2020

Key Takeaways BSA officers need to stay aware of emerging fraud trends that are a result of the pandemic. Consider a risk-based lookback for your PPP portfolio to fight fraud. COVID-19-related fraud schemes are escalating at an alarming rate. How can your transaction monitoring system detect trending COVID-19 related fraud?

Fraud 195

Fraud System Trends Software 195

PYMNTS

NOVEMBER 17, 2020

The number of real-time payments has risen dramatically in recent years, and APP fraud has grown alongside it. Bad actors typically perpetrate APP fraud in several ways. APP Fraud Ramps Up. Instances of APP fraud around the globe have continued to rise as real-time payment rails extend their reach.

Fraud 223

Fraud Payments Survey Security 223

Abrigo

AUGUST 19, 2020

Key Takeaways COVID-19-related fraud are not new typologies; they just have a new spin. Adjusting your velocity scenarios can help detect money mule scams and check fraud. . COVID-19-related fraud schemes are escalating at an alarming rate. How can your transaction monitoring system detect trending COVID-19 related fraud?

Fraud 195

Fraud System Trends Software 195

PYMNTS

SEPTEMBER 21, 2020

The Office of the Comptroller of the Currency (OCC) released a letter that explained the authority of federal savings associations and national banks to keep “reserves” for clients who are issuers of stablecoins in some cases, according to a Monday (Sept. 21) press release. Acting Comptroller of the Currency Brian P.

Massachusetts 171

Massachusetts National Fraud Bitcoin 171

PYMNTS

MARCH 14, 2020

With the coronavirus putting eCommerce front and center, it has unfortunately been joined by its cousin: online retail fraud. Attackers use a variety of sophisticated methods to attack eCommerce sites or abuse APIs that connect payment processors to online shopping carts,” the report states. The main offender, constituting 29.8

Fraud 230

Fraud social media Online Retail 230

Abrigo

DECEMBER 10, 2019

ABA study shows banks are reporting more cases of EFE. Elder financial exploitation and elder fraud are rising at an alarming rate as they continue to be serious crimes in the United States. What the ABA study determined is that financial institutions of all sizes continue to focus on elder fraud prevention. We can help.

Fraud 284

Fraud Study United States Training 284

PYMNTS

MAY 22, 2020

But it could also find a larger use worldwide by giving people without access to the internet the ability to use cryptocurrency — such as African farmers, only 2 percent of whom have smartphones. Banco de Brasil, in that case, cited an “administrative decision.”.

blockchain 192

blockchain cryptocurrency Wyoming Regulation 192

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. The topics were perfect, and there were some great case studies, but the substance was standard, bordering on underwhelming.

Conference 221

Conference Las Vegas Fraud Case Study 221

PYMNTS

FEBRUARY 20, 2020

Fraud prevention and identity verification firm Kount is launching Email First Seen, a tool that serves as an indicator of email trust, the company announced on Thursday (Feb. The network consists of fraud and trust signals from over half a billion email addresses, 32 billion interactions and 17.5

Tools 135

Tools Fraud Idaho Branding 135

Perficient

DECEMBER 14, 2023

Some of the key features include: Automatic case creation for inquiries. Identification of invoice exceptions to prevent fraud. Document Intelligence ’s AI model captures and analyzes the data and uses predictive ML models to assign confidence scores to the extracted data to ensure reliability.

Training 221

Training Strategy Exercises Data 221

Perficient

DECEMBER 14, 2023

Some of the key features include: Automatic case creation for inquiries. Identification of invoice exceptions to prevent fraud. Document Intelligence ’s AI model captures and analyzes the data and uses predictive ML models to assign confidence scores to the extracted data to ensure reliability.

Training 221

Training Strategy Exercises Data 221

PYMNTS

APRIL 28, 2020

And apps that have been “nice to have” have become lifelines to commerce in many cases, while biometrics have been promoted as a digital fraud fix. Data: $145M: The amount AI fraud prevention firm BioCatch raised in its latest round of funding. All this, Today in Data.

Fraud 130

Fraud Survey Data Tools 130

PYMNTS

JANUARY 11, 2021

To that end, late last week Equifax said it had reached a deal to acquire fraud prevention and digital ID firm Kount for $640 million. As reported, the deal will enable Equifax to boost its global presence in digital ID and fraud prevention, including through the Kount Identity Trust Global Network. In a Monday (Jan.

Fraud 158

Fraud Online ATM United States 158

PYMNTS

OCTOBER 28, 2019

Digital fraud prevention company Kount is rolling out a complete solution to protect companies from criminal and friendly fraud, the firm announced in a press release on Monday (Oct. Kount’s digital fraud prevention uses artificial intelligence (AI) that mimics a fraud analyst.

Fraud 101

Fraud Customer Experience Analytics Survey 101

PYMNTS

SEPTEMBER 17, 2019

DataVisor has announced the launch of its new Feature Platform, which automates fraud detection through the use of artificial intelligence and machine learning data capabilities. The hallmark of the DataVisor approach is our holistic approach to data analysis using sophisticated feature engineering and machine learning.

Fraud 167

Fraud Analysis Data Technology 167

PYMNTS

MAY 6, 2020

Financial fraud costs businesses an estimated $1.45 trillion, and it resulted in almost half of global organizations noting they were victims of fraud in 2018. This includes exploring emerging anti-fraud solutions and the challenges arising in this space as fraud grows more complex. One recent breach at U.S.

Data 181

Data Fraud Tools Technology 181

PYMNTS

OCTOBER 29, 2020

Swanback talked with PYMNTS about how the use of automation and a cloud-based infrastructure can help financial institutions (FIs) deliver an Uber-like experience for B2B payments. Many of these companies, although newcomers to payments, are well-known in the technology world, further driving customer expectations for speed and ease of use.

Payments 213

Payments Fraud Meeting Security 213