Chris Skinner

FEBRUARY 23, 2020

Things we’re reading today include … Barclays set to kick off hunt for next chief executive Cruel lottery as banks play blame game over push-payment fraud No global digital tax by end-2020 would mean chaos: France JPMorgan lines up ex-regulator to lead UK digital bank UniCredit CEO Mustier ruled out … The post Things worth reading: (..)

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Taxes Fraud Digital Banking Regulation 251

Chris Skinner

MARCH 8, 2020

Things we’re reading today include … Yes Bank customers queue for cash after India’s central bank takes control Serious Fraud Office looking at Lloyds Bank and KPMG claims U.S.

Fraud 285

Fraud 285

Chris Skinner

APRIL 13, 2020

Things we’re reading today include … A Wall Street Bank’s Hard-Driving Culture Pushes Traders Into the Office Former Barclays banker cleared of fraud hits out at SFO’s powers ‘Banks will behave better this time than during financial crisis’ Millions in UK having to choose between paying rent and eating, poll … The post (..)

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Fraud 260

Payments Dive

JANUARY 11, 2021

According to Javelin Strategy & Research’s 2019 Identity Fraud Study, the total amount of identity fraud in 2018 amounted to $14.7BB and impacted 14.4MM adults in the U.S. In 2020, amid the COVID-19 pandemic, the impact of fraud was higher than ever. — more than 5% of the total population.

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Fraud Study Strategy 239

Abrigo

OCTOBER 10, 2023

Use the fraud triangle to prevent fraud at your institution The concept of the fraud triangle is frequently used in business, accounting, and criminology. Takeaway 1 The fraud triangle concept describes three factors that, when combined, incentivize a person to commit fraud. The FTC received fraud reports from 2.4

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Fraud How To Training Trends 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. 389 percent more BEC scams hit U.S.

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Fraud New York United States Security 298

PYMNTS

DECEMBER 16, 2020

Mobile ordering apps are largely responsible for keeping the industry above water, but fraud still plagues the sector. And while promising news regarding COVID-19 vaccines may have put the end of the pandemic in sight, the restaurant industry’s growing fraud concerns will not cease as abruptly. About The Tracker®.

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Fraud social media Mobile Trends 310

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.

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Video Fraud Training Analysis 195

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.

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Fraud Compliance Community Trends 195

Abrigo

NOVEMBER 3, 2021

FinCEN provides guidance on Cyber Fraud What can financial institutions do to prevent and detect cyber fraud? You might also like this blog on FinCEN's AML/CTF priorities on cyber fraud. Takeaway 3 The FinCEN releases also focus on money mule schemes and imposter fraud, both increasing due to the pandemic. .

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Fraud Video Training Bitcoin 195

PYMNTS

DECEMBER 28, 2020

Nacha is issuing a warning to accounts payable professionals with regards to the rising threat of fraud. Further, Nacha said, the survey revealed AP professionals are facing increasing fraud attempts that target AP processes specifically. But accounts payable is far from the only back-office financial workflow at risk of fraud.

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Fraud Payments Survey Lending 291

Chris Skinner

JANUARY 26, 2020

Things we’re reading today include … Why won’t our banks take a simple step to stop fraud?

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Fraud Fintech 242

PYMNTS

OCTOBER 8, 2020

Risk management platform Feedzai announced a 44 percent increase in growth for the first half of the fiscal year for 2020, which a press release says was one of the company’s most successful so far. Feedzai has seen the increase in fraud and scams with the pandemic. EMEA, Asia and the Pacific and Latin America. And meanwhile, 35.7

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Report Fraud Risk Management America 247

PYMNTS

DECEMBER 15, 2020

New Jumio data indicates that new account fraud based on identity verification fell 23.2 percent globally in 2020 in contrast to 2019, according to an announcement from the identity verification and electronic know-your-customer (eKYC) provider. The company said that selfie-based fraud rates were five times above ID-based fraud.

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Fraud Video Report Trends 215

Abrigo

JANUARY 13, 2021

High-risk transactions identified To combat PPP fraud, the SBA Office of Inspector General (OIG) has collaborated with the U.S. Takeaway 2 To thwart PPP fraud, the SBA has collaborated with the U.S. Takeaway 2 To thwart PPP fraud, the SBA has collaborated with the U.S. Combatting Fraud. Stay up-to-date on PPP fraud.

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Fraud Community Lending Analysis 195

Abrigo

OCTOBER 19, 2020

BSA and AML Day National 2020 Celebration. Fraud Prevention. Fraud Trends. Fraud Prevention. Fraud Trends. Red Flags for COVID-19 Related Fraud – What You Need to Know. The post BSA and AML Day National 2020 Celebration appeared first on Abrigo. Learn More. SBA Lending. Learn More. Learn More.

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National United States Fraud Resources 195

Abrigo

OCTOBER 26, 2020

Celebrating BSA/AML Day 2020. BSA and AML Day National 2020 Celebration. Fraud Prevention. Fraud Trends. The post Celebrating BSA/AML Day 2020 appeared first on Abrigo. All the financial crime-fighting power. you need in one platform. learn more. Learn More. Learn More. SBA Lending. Learn More.

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Fraud System US Compliance 195

PYMNTS

JANUARY 13, 2021

The 2020 holiday season was one for the history books, drastically different due to the pandemic limiting consumers’ in-person shopping experiences. The prevalence of online commerce opens new doors for digital fraud, however, both from career fraudsters and opportunistic customers. Developments F rom The World Of Digital Fraud.

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Fraud Analytics Data Retail 189

PYMNTS

DECEMBER 24, 2020

If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Here are some of cryptos’ key developments for 2020: Bitcoin Goes Higher And Higher. Keeping An Eye On Fraud.

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cryptocurrency Bitcoin Course Boston 258

PYMNTS

JUNE 22, 2020

Corporate fraud continues to plague businesses large and small, and in this week’s B2B fraud tracker, many of the latest cases of nefarious activity within the enterprise can be traced back to the continued use of paper and legacy systems. The biggest story this past week, of course, was the revelation that as much as $2.1

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Fraud Report Resources Company 198

Independent Banker

NOVEMBER 30, 2021

As more customers moved online, fraudsters took advantage of new and increasingly inventive opportunities to commit remote authentication fraud. These types of scams fall under the broad term of remote authentication fraud, and they’re increasingly common—and inventive. Examples of remote authentication fraud. New account fraud.

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Fraud Strategy Community Bank New York City 160

Payments Source

DECEMBER 4, 2020

There’s no escaping fraud during one of the merriest months of the year as cyber thieves are busy trying to make their own wishes come true.

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Fraud Trends Online Payments 113

PYMNTS

JANUARY 21, 2021

Melissa Townsley-Solis, head of GIACT , discusses one of the negative effects of COVID-19: the escalation of fraud in the payments arena. She stresses the importance of small businesses fighting back against fraud in 2021 in order to achieve economic recovery. Fraud was red-hot in 2020. Businesses across the U.S.

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Fraud social media Strategy Maine 180

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. Check Fraud. Still the number one type of fraud in banking. There is also usually more than one signee assigned to those accounts, making them more susceptible to fraud.

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Fraud Trends Survey Technology 195

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. 57 individuals have been charged with Paycheck Protection Program (PPP) fraud , according to Reuters reported. Barrenechea in a statement.

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Fraud Training California Security 241

SWBC's LenderHub

JULY 2, 2020

In this blog post, we'll be revisiting four fraud trends that are impacting consumers and financial institutions. As the industry and consumers are adjusting to a new normal after the global spread of COVID-19, fraudsters are changing their schemes to prey on the heightened anxieties that people are experiencing during these uncertain times.

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Trends Fraud Industry Cyber Security 146

Abrigo

NOVEMBER 21, 2019

Key Takeaways Now is a good time to plan 2020 BSA/AML training and efforts to educate clients and colleagues about BSA and fraud red flags. Sustainability of your institution's BSA program deserves particular focus in 2020. Plan BSA/AML continuing education for 2020. Communicate in 2020 to educate teams and clients.

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Compliance Training Fraud US 195

PYMNTS

NOVEMBER 16, 2020

The risk of fraud continues to climb for organizations of all sizes as the latest data reveals third-quarter spikes in business email compromise and ransomware scams. Plus, the latest allegations of fraud hit the PPE supply chain, and the U.S. Plus, the latest allegations of fraud hit the PPE supply chain, and the U.S.

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Fraud Security Data Cards 242

PYMNTS

MARCH 14, 2020

With the coronavirus putting eCommerce front and center, it has unfortunately been joined by its cousin: online retail fraud. percent of all eCommerce fraud , is still account takeover. Backdoor file activity, unlike other fraud attack methods, has no pattern. Conservative estimates put online sales at $630 billion this year.

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Fraud social media Online Retail 230

PYMNTS

MAY 29, 2020

“Banking is rapidly becoming more omnichannel, and FIs need to be sure they can safeguard customers across all the products through which they access their financial services,” according to the May 2020 FI Fraud Decisioning Playbook , produced by PYMNTS and sponsored by Simility. A Unified Front. In With the New.

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Fraud Tools ATM Analysis 133

PYMNTS

SEPTEMBER 22, 2020

Gluck said his buddy probably didn’t see such potential “ friendly fraud ” as real fraud. “In But it is a form of friendly fraud.”. He said friendly fraud is hard to spot, nearly impossible to predict and expensive for retailers not only in terms of lost goods and revenue but in terms of their merchant risk scores.

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Fraud Security Cards System 216

PYMNTS

JANUARY 25, 2021

This increased digital engagement can create challenges, however, as it opens up new avenues for fraud in addition to making transactions more convenient for customers. A Lloyds Bank study found that this type of fraud has increased fivefold over the past year, accounting for up to 1 percent of all loan applications.

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Fraud Digital Banking Missouri Trends 235

Abrigo

JULY 10, 2020

Community banks and credit unions partnered with their communities to help families and businesses through these unprecedented times , causing spikes in consumer fraud that must be faced head on. According to the new advisory , t wo fraud typologies are trending: imposter scams and money mule schemes. C&I Loans.

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Fraud Lending Software Analytics 195

Abrigo

FEBRUARY 5, 2021

You might also like this webinar: "Detecting PPP Fraud: Optimizing Your AML Solution". Takeaway 1 To prevent the kind of fraud that plagued the Paycheck Protection Program in 2020, the SBA has put new measures in place that have created challenges. PPP fraud-prevention challenges arise. New Guidance Out.

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Fraud Lending Taxes Regulation 195

PYMNTS

AUGUST 17, 2020

When it comes to fraud threats, no company — large or small — is immune. PYMNTS breaks down the numbers of the latest in B2B fraud below. The Financial Times cited documents that suggest the invoice fraud scheme allowed NMC to secure loans in the UAE via Neopharma.

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Fraud Trends Security Report 237

PYMNTS

JANUARY 21, 2020

That’s surprising in 2020 – or maybe “shocking” better captures the vibe. Advances in fraud decisioning have cybercrooks scrambling into the new arcana of synthetic identities and fiendish mass bot attacks, looking for any possible opening to exploit. for trial – but only after his group stole an estimated $30 million.

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Fraud social media ATM Industry 131

Banking Exchange

JANUARY 10, 2022

Fraud cases increased by 343 between 2020 and 2021 Risk Management Security Cyberfraud/ID Theft Operational Risk Feature3 Feature.

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Fraud Risk Management Security Operations 145