Abrigo

DECEMBER 22, 2023

The most popular financial crime blogs in 2023 Check fraud, the SAFER Banking Act, and BSA exam topics were among Abrigo's top blogs on AML/CFT and fraud this year. You might also like this infographic on the true costs of fraud at financial institutions. Here are Abrigo’s 10 top AML and fraud blogs in 2023.

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Fraud Training Compliance Trends 221

PYMNTS

MAY 5, 2020

In an interview with PYMNTS, Mitch Pangretic, senior vice president of strategic partnerships at Elan , said that in-person card fraud may have decreased thanks to EMV chips and multi-factor authentication, but card-not-present (CNP) scams are increasingly gaining traction. Interacting With The Cardmember.

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Cards Fraud Guidelines Mobile 197

Abrigo

MAY 12, 2022

Protect your financial institution from cybercrime With cybercrime constantly evolving, what can businesses and financial institutions do to prevent fraud? Takeaway 3 Be proactive by attending training, reading articles, and staying abreast of the newest trends and FinCEN advisories. These measures can help.

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Abrigo

FEBRUARY 28, 2023

You might also like this webinar, "Proactive measures to protect against check fraud and fraud loss." REGISTER now Takeaway 1 Phishing is not a new fraud trend, but the rise of smartphones means text messaging fraud is becoming more common. billion to fraud in 2021, a 70% increase over the prior year.

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Fraud How To Training Trends 195

Abrigo

JUNE 13, 2022

Elder fraud prevention and education Learn strategies for recognizing and reporting elder fraud and exploitation. . Would you like other articles on BSA/AML training in your inbox? Takeaway 1 Elder abuse, exploitation and fraud continue to rise as the baby boomer generation ages. Fraud Tactics. Baby Boomers.

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Fraud Training United States Survey 195

Abrigo

MARCH 30, 2023

P2P fraud can be difficult to detect Knowing how criminals avoid detection can help minimize losses at your financial institution. Takeaway 3 Stay informed on various trends and practices to prevent clients and peers from becoming victims of P2P fraud. Instead of using your bank account, consider connecting a credit card to your app.

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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. Takeaway 2 Financial institutions play a crucial role in not only securing their clients' financial assets but also in protecting their emotional well-being from the rising threat of romance scams. with reported losses of a staggering $1.3

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Independent Banker

OCTOBER 1, 2022

“The knowledge we have cultivated over years of circumventing attacks means that we have a depth of understanding about cyber and data security that the general population doesn’t—and those are lessons we can share.”. When it comes to fraud, you don’t know what you don’t know, and what you don’t know can greatly influence your bottom line.

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PYMNTS

NOVEMBER 23, 2018

To counter fraud as the holiday season approaches, Best Buy , Target and Walmart made changes to their gift card programs. With the new policies, changes include lowering the transaction limits on the sale of store-branded gift cards. They also come amid an initiative to take on fraudsters that has run for a year. “By

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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.

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PYMNTS

FEBRUARY 12, 2020

As for the areas where scammers managed the biggest hits, business email compromise (BEC), confidence/romance fraud and spoofing were the top three types of crime in terms of monetary losses. BEC fraud does not respect seniority, and it pays exceedingly well.”. billion (or slightly over half) of all losses tracked in 2019.

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Fraud Handbook Security Comparison 253

Abrigo

FEBRUARY 9, 2024

residential real estate sector but safeguarding our economic and national security.” Know the red flags for money laundering. Training and awareness: Provide education and training programs for mortgage lenders and other front-line staff to raise awareness about money laundering risks, red flags, and reporting obligations.

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Training Fraud Trends Report 195

PYMNTS

MARCH 27, 2020

The financial industry is particularly vulnerable to digital fraud. Application fraud, which sees cybercriminals submitting financial product applications to banks with no intention of paying them back, is among the most popular techniques. Defining Application Fraud.

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Abrigo

DECEMBER 10, 2019

Elder financial exploitation and elder fraud are rising at an alarming rate as they continue to be serious crimes in the United States. An increase in financial crime and fraud against the elderly is expected to continue to climb as the baby boom population (those born before 1964) age. The under-reported and growing crime.

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PYMNTS

JULY 15, 2019

In Australia, a new report shows just how widespread internal fraud in the Commonwealth, aimed at government agencies, has become. This past week it was reported that, per an investigation by the Australian Institute of Criminology, such fraud amounted to $42 million over the past year. Grayson Jr., owner of Zealcon Corp.,

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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

Abrigo

MAY 8, 2024

You might also like this webinar, "The check's in the mail: Understanding and preventing check fraud." Many financial institutions have been using artificial intelligence (AI) for years, particularly in supporting cybersecurity and anti-fraud efforts. How banks and credit unions use genAI today Short supporting copy.

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Examples Fraud Resources Risk Management 195

Abrigo

SEPTEMBER 3, 2021

Takeaway 2 Fraud prevention, AML, and IT must communicate regularly and cross-monitor for cybercrime threats. Takeaway 3 Fraud monitoring software and other preventative measures can help financial institutions protect themselves against cyber attacks. . Would you like others articles like this in your inbox?

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Training Software Fraud Security 195

PYMNTS

DECEMBER 20, 2019

More than one-third of Americans surveyed report being victims of cybercrime in 2019, and 41 percent of those incidents involved the theft of credit or debit card information. Fraud prevention tech has to scale. Clean’ and ‘Friendly’ Fraud are Neither. That’s “clean” fraud. vs. the FinTechs.

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Abrigo

JANUARY 31, 2023

Takeaway 2 Banks should be proactive in understanding fraud trends and FinCEN priorities to prepare for future rulemaking. Takeaway 3 Education and training are the first steps to ensuring that your AML/CFT program is ready for these critical threats. billion to fraud in 2021, a 70% increase over the prior year.

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Fraud Training Regulation Trends 195

PYMNTS

MARCH 18, 2020

Fraud is a perennial concern for quick-service restaurants (QSRs), and digital channels open ample new avenues for cybercrime, with hackers targeting restaurants for their cash, data and even customers’ loyalty points. The following Deep Dive explores the different types of social engineering fraud and how restaurants can combat them.

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Fraud Training Data Taxes 177

Abrigo

FEBRUARY 15, 2023

Financial institutions can mitigate these risks with strong information security protocols, including clear policies and cybercrime education training for every employee. Training should include red flags to identify common cyberattack vectors like phishing, business email compromise, ransomware, and extortion attempts.

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PYMNTS

APRIL 16, 2020

LYFE’s mission in the midst of the pandemic is twofold: boost the amount of business from pickup and delivery orders and counter the increased risk of fraud that is accompanying the crisis. Bad actors are taking advantage of the chaos and bringing about an upswing in digital fraud. Fighting Fraud. COVID-19 Woes .

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PYMNTS

NOVEMBER 12, 2019

PULSE , the debit/ATM network that operates as a Discover Financial Services company, said in a press release that it has adopted the FICO Falcon Platform to bring new fraud detection services to its network of more than 4,100 debit issuers. The FICO platform serves as the foundation of the DebitProtect fraud detection service, said PULSE.

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Fraud Study ATM Training 101

Abrigo

APRIL 2, 2020

Key Takeaways Elderly persons are more susceptible to fraud during crises like the coronavirus pandemic. Train your frontline staff to recognize the red flags of potential elder financial abuse. What can you do to deter COVID-19 fraud? Stay up-to-date on the latest news surrounding the coronavirus. learn more.

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Fraud Resources Software Training 335

PYMNTS

JULY 17, 2018

Since the migration to EMV in the largest card market in the world (the U.S. in October of 2015), the incidences of counterfeit card fraud at chip-enabled merchants have fallen sharply — some 76 percent, as reported by card networks. Sometimes the cards are ancillary to a different criminal purpose.

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Cards Fraud Regional Training 109

PYMNTS

FEBRUARY 20, 2020

Consumers have somewhat of a fickle relationship with security when it comes to transactions. Most report that they want security, and they are sincere in their reporting. This isn’t so much of a security gap as a convenience gap. The Three Main Challenges .

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Mobile Fraud Security Customer Experience 201

PYMNTS

OCTOBER 16, 2020

How AI Can Aid In Fraud Detection, Sales. A sizable number of restaurants use AI to curtail cybercrime such as internal fraud , which is reportedly to blame for up to 75 percent of QSRs’ losses. Mobile ordering fraud presents an even greater challenge for QSRs.

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Analytics Data Fraud Tools 273

PopularBank

JANUARY 5, 2022

How do you know if your business is a target for fraud? How much would the impact of fraud cost your business? What are different types of fraud you should be aware of? This article outlines the serious risks of commercial fraud and provides steps to identify and prevent business fraud. Training failures.

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Fraud Training System Branding 52

PYMNTS

MARCH 17, 2017

A classic image of payment fraud involves a fraudster stealing credit card numbers and shopping for goods in-person or online. But what’s left out of this picture, said David Dewey, director of research at Pindrop Security , is the element of voice. They let me right in,” Dewey said. While the roll-out of EMV in the U.S.

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PYMNTS

JULY 31, 2019

Mobile card services could be the Swiss Army knife of card management for consumers, because of the capabilities they can make easily accessible to the customer or business using them. There is a focus on the ability to turn cards off and off — I think even going back a few years we’ve seen that in banks’ advertising.

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Cards Mobile Fraud Tools 137

PYMNTS

NOVEMBER 6, 2019

Many consumers do not have funds readily on hand to make big purchases like electronics or furniture and prefer turning to instant loan apps like Affirm , a point-of-sale installment lender established in 2013, rather than going into debt with a bank or credit card provider. Fraud Faces the Machine. What is Affirm?

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Fraud System Cards Data 100

Abrigo

JANUARY 4, 2023

Guidance for banks on the lookout for crypto scams and fraud The turbulent cryptocurrency scene should put bankers on high alert. Takeaway 1 Cryptocurrencies are the newest and most popular field in potential financial gains through fraud. But with increased popularity comes more opportunity for fraud. DOWNLOAD WHITEPAPER.

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social media Fraud cryptocurrency Trends 195

PYMNTS

APRIL 15, 2019

Security solved. As it turns out, security researchers at Kaspersky Lab have found a darknet marketplace in which hackers are selling digital fingerprints. The site first emerged in fall of last year, when the creators started advertising it on forums where hackers sell stolen payment card details.

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PYMNTS

JUNE 17, 2020

Robert Farkas, the 33-year-old co-founder of crypto project Centra Tech , has pleaded guilty in court to conspiring to commit securities and wire fraud, Coindesk reported. The bank’s Islamic Research and Training Institute ( IRTI ) will be working with Samsung-backed blockchain provider BLOCKO.

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PYMNTS

JUNE 23, 2016

Though victims of fraud attacks may never be able to beat cybercriminals at their own game, it’s clear that knowledge is power. ” In this month’s installment of the Anatomy of a Fraud Attack series with Kount , we take a look at an increasingly favorite type of fraud among cybercriminals: carding or card testing.

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PYMNTS

JANUARY 16, 2020

The business email compromise (BEC) scam is a cybersecurity threat to businesses of all sizes, and the financial and security implications of a successful attack aren’t isolated to its target. Electronic payment technologies, too, are increasingly focused on security and fraud mitigation efforts. Beyond The BEC.

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