TheGuardian

JUNE 14, 2023

Bank says UK consumers could lose £250m from scams originating on Meta platforms in 2023 Fraud on Facebook, Instagram and WhatsApp is projected to cost victims £250m this year, a leading UK bank has said, adding to pressure on the tech firms’ parent company, Meta, to tackle scams on its platforms.

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PopularBank

APRIL 18, 2024

Yet, despite advances in bank fraud protection, scammers continue to develop and deploy sophisticated—and successful—methods. Earlier this year, the Federal Trade Commission announced over $10 million in fraud losses in 2023, up 14% from the previous year. Thieves attempting bank fraud may try one or more of the following scams.

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FICO

MAY 18, 2023

The fraud prevention solution is based on FICO® Falcon® Fraud Manager and FICO® Customer Communication Services (CCS). The fraud prevention solution is based on FICO® Falcon® Fraud Manager and FICO® Customer Communication Services (CCS). Dock began implementing Falcon Fraud Manager in 2019 and added CCS in 2020.

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FICO

SEPTEMBER 30, 2022

Meet Our 2023 FICO Decisions Awards Judges. FICO has announced its panel of independent judges for the 2023 FICO® Decisions Awards , which honor businesses achieving outstanding results using analytics and decision management technology to grow their business, manage risk and reduce costs. 2023 FICO Decisions Awards Now Open.

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Qudos Bank

FEBRUARY 15, 2024

While dating apps, social media networks and gaming apps are great to connect with like-minded people, they could also put you at risk of connecting with a scammer that will manipulate you for money. Latest Stats According to Scamwatch 1 , from January 2023 to November 2023: Australians reported 280,240 scam events for a total of $455.5

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Qudos Bank

FEBRUARY 4, 2024

While dating apps, social media networks and gaming apps are great to connect with like-minded people, they could also put you at risk of connecting with a scammer that will manipulate you for money. Latest Stats According to Scamwatch 1 , from January 2023 to November 2023: Australians reported 280,240 scam events for a total of $455.5

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Abrigo

FEBRUARY 8, 2024

Client fraud education to prevent banking losses Financial institutions play a crucial role in safeguarding customers and members from fraud. Fraud education is key. You might also like this infographic: 5 Fraud typologies impacting you and your customers or members. DOWNLOAD Takeaway 1 U.S. DOWNLOAD Takeaway 1 U.S.

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PYMNTS

JUNE 13, 2019

Experiencing such gains comes with risks, however, as digital IDs have presented new and underexplored avenues for fraud. billion digital records in the United States were compromised during the first half of 2018 – 291 records every second – with only six social media breaches accounting for more than half of all at-risk data.

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FICO

FEBRUARY 9, 2023

As the PSR’s response to authorized push payment fraud moves towards becoming law, what will the results be? FICO Admin Tue, 07/02/2019 - 05:23 by Matt Cox VP and General Manager, EMEA expand_less Back To Top Thu, 02/09/2023 - 11:40 Of the £609.8 A quarter of all losses to payment fraud is under £100. And what can banks do?

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Qudos Bank

FEBRUARY 15, 2024

Phishing scams are usually enacted through email, social media or via SMS, and involve scammers using messages with malicious links designed to steal your usernames, passwords and other sensitive information. The ACCC reported that between January and April 2023 Australians lost over $115 million 2 to investment scams.

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Qudos Bank

MAY 17, 2023

Phishing scams are usually enacted through email, social media or via SMS, and involve scammers using messages with malicious links designed to steal your usernames, passwords and other sensitive information. The ACCC reported that between January and April 2023 Australians lost over $115 million 2 to investment scams.

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FICO

MAY 3, 2023

In the 2023 FICO Global Scams Survey , we asked consumers worldwide what they think banks could do better to combat scams and create a better customer experience for victims. Action: When customers are aware of fraud schemes and how they work they are less likely to fall for them, but reminders or alerts are helpful.

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Abrigo

FEBRUARY 8, 2024

WATCH Takeaway 1 Romance scams are one of the most common forms of fraud schemes seen in the U.S. Report any scam or attempted fraud to the FBI and your financial institution. The 2023 figures have not yet been released, but they are looking to continue the upward trend. with reported losses of a staggering $1.3 billion in 2021.

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Gonzobanker

DECEMBER 14, 2023

While Huntington is down like most bank stocks, the pain hasn’t been as severe, and Huntington doubled down on local markets in 2023 by consolidating business units. He passed away in January 2023. The Worst Day of the Year Award – goes to May 1, 2023, when First Republic Bank failed. What a year.

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South State Correspondent

APRIL 24, 2023

What Is AutoGPT Released on March 30, 2023, AutoGPT is an open-source application that connects via an API to a paid version of ChatGPT, making ChatGPT semi-autonomous. Autonomous agents will be deflationary, reducing product cost, fraud, and risk. Banks can offer AI agents that do more than banking.

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Abrigo

JANUARY 31, 2023

register now Takeaway 1 While the AML/CFT industry seemed to have been in a holding pattern during 2022, regulatory movement is expected for 2023. Takeaway 2 Banks should be proactive in understanding fraud trends and FinCEN priorities to prepare for future rulemaking. billion to fraud in 2021, a 70% increase over the prior year.

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FICO

JUNE 8, 2023

Andrew: With the digital retailing transformation of the automotive business along with the growth of EVs, autonomous vehicles and connected vehicles, do we need to up our game with fraud, privacy protection and cybersecurity? As cars become more complex, and throw off more data, there will be more vulnerabilities for fraud.

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Abrigo

JANUARY 13, 2023

On January 13, 2023, FinCEN issued an alert about human smuggling along the southwest border of the U.S., But thanks to social media, smugglers are able to reach a broader pool of migrants online. During the transportation phase, smuggling networks often use social media platforms with end-to-end encryption to coordinate routes.

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