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 loss in 2022.

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Abrigo

MARCH 7, 2022

Experts weigh in on regulatory hot topics for 2022 Review these 10 insights into what regulators are looking for in 2022 to help your financial institution pass exams with flying colors. Takeaway 1 Regulators have increased their focus on BSA in the first quarter of 2022, and the crisis in Ukraine will put OFAC in the spotlight.

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cryptocurrency Regulation Fraud Policies 195

Abrigo

DECEMBER 17, 2021

Prepare for Future Staffing Needs Now As we transition to 2022, now is the perfect time to analyze current staffing levels at your financial institution. . Moving into 2022 may be a n excellent time to analyze current staffing levels and the associated risks of losing valuable members of your team.

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Compliance Training Fraud Resources 195

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. Top blogs in 2022 for AML/CFT staff.

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Fraud Training Compliance Regulation 195

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.

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Abrigo

MARCH 11, 2022

Expert insights on 10 regulatory topics that NBFIs should consider this year Review this list of what regulators are looking for in 2022 to help your NBFI pass exams with flying colors. Regulatory Focuses in 2022. Sanctions In 2022, regulators will be examining your sanctions program more closely than ever, given the global climate.

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FICO

FEBRUARY 16, 2023

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. And the data from January 2023 is already trending at nearly 10x increase over 2022. One striking fact about the increase in POCs was that 75% of the total compromise sites were new in 2022 (sites that had not been compromised before).

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Cards US Data Fraud 98

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

FICO

AUGUST 3, 2022

Fraud Ideas from FICO World 2022 – and Excitement for 2023! FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Wed, 08/03/2022 - 12:40. Synthetic Identities and Application Fraud. Synthetic Identities and Application Fraud.

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FICO

DECEMBER 14, 2021

But European fraud and financial crime have continued to evolve. As we move forward into 2022, we are seeing the first signs of some interesting trends that will pick up pace across borders. We believe this is one of the many scams that will consistently hit the headlines in 2022. Accessibility of Deep Fake Technologies.

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ATM Marketplace

FEBRUARY 23, 2023

As technology evolves and cybercriminals become more sophisticated, preventing ATM fraud becomes an increasingly challenging job. Unfortunately, ATM fraud continues to grow significantly. It is estimated that from 2019 to 2022, ATM theft and fraud grew a staggering 148 percent.

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The Paypers

DECEMBER 16, 2022

The Paypers has published the Fraud Prevention in Ecommerce Report 2022-2023 , setting the scene for the latest insights and developments regarding fraud prevention technologies and related regulations.

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Fraud Report Regulation Technology 41

FICO

JANUARY 10, 2023

Top 5 Fraud Posts for 2022: Scams, Contactless and Money Mules. In a year that saw the word "scamdemic" coined, scams such as authorised push payment fraud were top of mind, along with various other fraud schemes. Few things change faster in the financial services space than fraud trends. FICO Admin.

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PYMNTS

JUNE 20, 2019

Retailers focused on combating fraud have credit cards in the cross-hairs of their efforts. But ramping up the war on card fraud can introduce a new risk to companies: false positives. This isn’t merely an issue for the B2C world, however. The False Positive Threat.

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Fraud Payments Cards Strategy 182

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. The Face of Fraud.

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FICO

DECEMBER 7, 2021

Our collective reliance on phones has a number of implications for fraud, and in 2022 I predict that fraudsters will be so dialed in to our mobile lifestyles they will ply their trade in more ways and places than ever—including space. Best wishes for 2022! Pre-Pandemic Spending, Post-Pandemic Distractions. What can banks do?

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Fraud Cards Payments Course 52

Independent Banker

DECEMBER 31, 2021

What changes will 2022 bring? And as local economies continue to stabilize and many challenged industries bounce back, 2022 may be the year community bankers put the rubber to the road by revisiting goals and turning them into action items. What will drive profit in 2022? Janet Silveria, Community Bank of Santa Maria.

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Community Bank Community Lending Louisiana 144

PYMNTS

OCTOBER 12, 2020

And online shopping and digital fraud are increasing simultaneously, but merchants can take steps to ensure that debit-based card-not-present (CNP) transactions are kept safe. 87%: Estimated share of debit cards that will be equipped for contactless payments by 2022. All this, Today in Data. 92%: Portion of U.S.

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Retail Innovation Technology Security 146

PYMNTS

JULY 20, 2020

In today’s top news, eBay is near a sale of its classified ad division to Adevinta, and Lollapalooza’s co-founder said live concerts won’t be back until 2022. Lollapalooza Co-Founder Predicts No Concerts Until 2022. fans may have to wait until 2022 to see a concert because of COVID-19. We break it down.

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Payments Cards cryptocurrency Technology 141

PYMNTS

JUNE 22, 2020

It’s the battle against fraud that can be lost right at the beginning. There’s increased urgency on the part of financial institutions (FIs) to spend more time and money on battling fraud at the point of onboarding, especially as card-not-present transactions surge in the lingering wake of the coronavirus. alone topped $10.2

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Fraud Cards Risk Management Customer Experience 193

FICO

JANUARY 28, 2022

2022 FICO Decisions Award Winners - Decisions That Matter. I am thrilled to announce the winners of the 2022 FICO® Decisions Awards. . Many entries this year demonstrated innovative use of technology and creative thinking to respond to the challenges of the pandemic. 2022 FICO Decisions Award Winners. 2022 Judges.

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Meeting Fraud Florida Compliance 52

FICO

DECEMBER 12, 2022

Reflections 2022: The Power of Patents and the People Behind Them. In 2022, FICO was granted 11 new U.S. Mon, 12/12/2022 - 16:00. As 2022 draws to a close I am reflecting on what has been a very challenging year for the world at large. This technology is incorporated into FICO® Falcon® Fraud Manager.

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Analytics San Diego Fraud Cyber Security 52

PYMNTS

MARCH 20, 2019

Online and digital research company Juniper Research released a new report on Tuesday (March 19) saying the yearly value of virtual cards (temporary cards only usable for one transaction) is going to grow, but that adoption to the technology will be slow, according to a news release. percent from 2019 to 2022.

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Cards Report Study Fraud 109

PYMNTS

OCTOBER 19, 2020

The following Deep Dive explores cross-border payments’ challenges, including time-consuming government inspections, lack of transparency and the potential for fraud. Cross-border payments between businesses are expected to reach $35 trillion by 2022 and 2024 could see up to $240 billion in person-to-person (P2P) payments.

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Technology Payments Security Survey 193

Jack Henry

OCTOBER 7, 2022

Building connections is at the heart of what we do, and we were thrilled to be back in person this year with four action-packed days of connecting with you through a host of networking events, social activities, technology exhibitions, and more dynamic speakers than ever before.

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San Diego Fraud Conference Technology 78

PYMNTS

JUNE 17, 2019

However, digital platforms face a major barrier in delivering these experiences: poor fraud detection. For digital platforms, fraud represents a two-headed beast. As largely online operations, they are tempting targets for fraudsters and hackers — therefore, robust anti-fraud systems are vital. According to PYMNTS’ research, 60.8

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Fraud How To Payments Survey 117

PYMNTS

JULY 10, 2019

These platforms promise fast, seamless transactions, which most deliver – but when platforms focus on reducing friction for users, it can backfire and create new vulnerabilities to fraud. An unexpected consequence of the retailer race to offer same-day and one-day delivery is increased fraud exposure. Nearly one-third (30.4

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Fraud Strategy Study Comparison 140

FICO

SEPTEMBER 5, 2022

European Card Fraud in 2021: Winners, Losers and Scams. The United Kingdom and the Nordic region continue to lead Europe in terms of digital transformation and fraud loss reduction - but non-card scams are rising fast. Senior Consultant, Fraud and Financial Crime. Senior Consultant, Fraud and Financial Crime.

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FICO

OCTOBER 6, 2021

I am excited to announce that our 2022 FICO Decisions Awards are now open! Nominations are due December 3, 2021 , and winners will be announced on January 28, 2022. Fraud Management. in May 2022. For more information and to enter a nomination, visit www.fico.com/decisionsawards. Debt Management. Financial Inclusion.

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Analytics Conference Compliance Management 52

PYMNTS

APRIL 29, 2019

Moreover, only a tiny fraction of platforms consider their fraud detection systems as “extremely” effective, with a majority citing false-positives as a major friction point. Today, only 4 percent of platforms consider how they convert visitors to sales as “extremely” effective. All of this is proving costly for digital platforms.

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Payments Survey America Study 170

FICO

MARCH 30, 2023

Both from a cash and a fraud perspective, my curiosity was piqued, and I fell down the rabbit hole to learn more. In the UK more than 23 million people used basically no cash in 2022. The ATM population peaked at around 470,000 total devices in 2019 , but dropped to 456,000 in 2022. Where Did My Cash Go?

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Fraud ATM South Carolina Management 52

FICO

JULY 1, 2022

Global Fraud Trends: What’s Happening and What’s Next? Here are the highlights from the fraud trends breakout session at FICO World 2022 with a panel of fraud professionals from Brazil, Turkey and North America. Fri, 07/01/2022 - 13:40. Tue, 07/02/2019 - 02:45. by TJ Horan. expand_less Back To Top.

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Fraud Trends South Carolina Risk Management 52

FICO

NOVEMBER 23, 2021

FICO has announced its panel of independent judges for the 2022 FICO® Decisions Awards , which honor businesses achieving outstanding results using analytics and decision management technology to grow their business, manage risk and reduce costs. Nominations are due December 3, 2021, and winners will be announced January 28, 2022.

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Meeting Analytics Risk Management Management 52

FICO

JULY 6, 2023

Beyond the pleasure of leading a FICO Falcon Fraud Manager User Forum and moderating a couple of panel breakout sessions, I I was also able to catch up with many of the fraud-focused attendees from around the world. Scams: A Top Fraud Concern Scams are becoming a leading fraud concern, all around the world.

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Fraud Management Customer Experience San Diego 52

FICO

NOVEMBER 24, 2021

The 2022 Chartis RiskTech100® Report is live, and I am proud to announce that FICO ranked 6th overall in the annual report and was named the category winner for: Innovation (5th consecutive year). Financial Crime – Enterprise Fraud. 2022 marks the 16th annual RiskTech100® report. Artificial Intelligence Applications.

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FICO

NOVEMBER 16, 2022

Enterprise Fraud Solution Buyers Want More Agility, More Data. Our recent global survey reveals the investment priorities and functionality requirements for enterprise-level fraud solution buyers. Wed, 11/16/2022 - 20:10. Investing in Fraud Prevention and Detection. FICO Admin. Tue, 07/02/2019 - 02:45. by Andrew Manuel.

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Fraud Data Survey Regional 52

Perficient

JANUARY 27, 2022

On January 20, 2022 the Federal Reserve released a discussion paper that examined both the pros and cons of a potential U.S. Moreover, as highlighted in the Federal Reserve’s paper, cryptocurrencies also come with a significant energy footprint and make consumers vulnerable to loss, theft, and fraud. Stablecoins pegged to the U.S.

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