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Fighting Cyber-Enabled Fraud with BSA, Fraud & IT Collaboration – Video

Abrigo

Combating Cyber-Enabled Fraud Requires Communication Increases in cybercrime or cyber-enabled fraud deserve attention from financial institutions, as Abrigo expert Terri Luttrell explains in this video. . You might also like this whitepaper, "The 2021 BSA/AML and Fraud Staff Survey: Top Issues for FinCrime Fighters".

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eCommerce Fraud Presents A $12 Billion Problem

PYMNTS

With the coronavirus putting eCommerce front and center, it has unfortunately been joined by its cousin: online retail fraud. Conservative estimates put online sales at $630 billion this year. According to online security company Signal Sciences , eCommerce retailers deal with an average of 206,000 web attacks per month.

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Adhering to Nacha’s Fraud Risk Management and Monitoring Rules

SWBC's LenderHub

As of March 18, 2022, Nacha’s account validation rule requires ACH originators of WEB entries to use a commercially reasonable fraud detection system to verify the first time a consumer checking account is used for an electronic (ACH) payment, if the payment is initiated over an online channel, the account number must be validated first.

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Prevention is the Key to Stopping Elder Financial Exploitation & Fraud

Abrigo

Elder fraud prevention and education Learn strategies for recognizing and reporting elder fraud and exploitation. . Takeaway 1 Elder abuse, exploitation and fraud continue to rise as the baby boomer generation ages. Takeaway 3 Education and reporting are key to preventing this type of fraud, so know your state's policies. .

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How Scotiabank Manages Fraud Protection For A Data-Driven Future

PYMNTS

This rampant availability of users’ data makes it easier for bad actors to wreak havoc and commit fraud. She recently spoke to PYMNTS about how Scotiabank has revamped its fraud strategy in recent years. “I The increasing sophistication of fraud attacks has led Scotiabank to reassess how it employs AI, ML and automation.

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Why Unified Commerce Is Critical For Merchants — And Catnip For Fraudsters

PYMNTS

In an interview with Karen Webster, Carleigh Jaques, senior vice president and general manager of CyberSource , a Visa solution, said commerce is now different, especially for smaller enterprises. What we are learning now is that the definition of ‘unified commerce’ is a lot more flexible.”. Time is of the essence.

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Why Should I Choose a Credit Card to Manage My Finances?

BankBazaar

Whether you’re shopping online or at a physical store, a Credit Card is all you need to make the transaction. On the other hand, Credit Cards come with several safety features that protect your money from fraud and theft. Get Card >> The post Why Should I Choose a Credit Card to Manage My Finances?

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