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.

Fraud 195

Fraud Resources social media Software 195

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. According to the FBI , victims of this type of investment fraud reported losses of $3.3 with reported losses of a staggering $1.3 billion in 2021.

Fraud 222

Fraud social media Training Trends 222

Abrigo

JANUARY 31, 2023

Takeaway 2 Banks should be proactive in understanding fraud trends and FinCEN priorities to prepare for future rulemaking. Increased fraud According to the Federal Trade Commission , consumers lost more than $5.8 billion to fraud in 2021, a 70% increase over the prior year. That represents nearly 2.8

Fraud 195

Fraud Training Regulation Trends 195

PYMNTS

FEBRUARY 8, 2019

In January, for instance, news emerged that Fortnite ’s in-game currency was being used to launder money from stolen credit cards. It works like this: A hacker will access someone else’s credit card information, then use it to create a Fortnite account and buy V-bucks, the game’s currency. Examples abound. Proactive Approach.

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Examples social media Exercises Course 194