PYMNTS

APRIL 10, 2020

This brings a longstanding challenge to the fore: Healthcare organizations have long struggled with fraud, waste and abuse (FWA), costing the United States healthcare sector more than $200 billion annually by some estimates. To learn more about AI’s promising applications in healthcare administration, download the Playbook.

Fraud 362

Fraud Payments System United States 362

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.

Fraud 195

Fraud How To Training Trends 195

Abrigo

JULY 10, 2023

Stay up-to-date on AI fraud trends to protect your clientele Emerging AI fraud schemes reveal holes in financial institution's defenses. Takeaway 2 Improving security questions is a good step to take to avoid text-to-speech AI fraud schemes. Here are several suggestions for tightening security.

Fraud 150

Fraud How To social media Security 150

Abrigo

OCTOBER 17, 2023

Why change management is vital for banks and credit unions Regulators promote change management to manage risk, but banks and credit unions can also achieve important benefits when they manage change. This article describes recent comments by financial regulators about managing change.

Management 195

Management Lending Risk Management Strategy 195

Abrigo

JANUARY 6, 2023

Check deposit fraud using “walkers” Financial institutions are seeing increased money mule scams using recruited "customers" to deposit stolen checks. Takeaway 1 Check fraud is not a new trend, but increased activity should put banks on high alert. Fraud scheme uses marginalized individuals as mules. Introduction. Whitepaper.

Fraud 195

Fraud Regulation Training Operations 195

Abrigo

JANUARY 14, 2021

How Institutions Can Avoid Fraud Surprises in the Next Round of the PPP BSA and fraud professionals saw a spike in PPP fraud during the first two rounds of funding. How can they be better prepared to prevent fraud in this next round? Stopping PPP Fraud in New Round of Funding. PPP Fraud Spikes.

Fraud 195

Fraud Compliance Community Trends 195

PYMNTS

NOVEMBER 18, 2020

Artificial intelligence (AI) is transforming the food service sector by helping restaurants boost their sales as well as improve and automate systems that were once managed by staff. Payment protection platform Verifi has partnered with digital fraud protection firm Kount Inc. Around The Mobile Order-Ahead World.

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Boston Fraud Marketing Mobile 186

PYMNTS

JULY 9, 2020

The July FI Fraud Decisioning Playbook examines how FIs are working to better detect and defend against ATOs. Around The FI Fraud Decisioning World. Cybercriminals have become adept at stealing customers’ usernames and passwords, details that they can then use to log in to victims’ accounts without triggering fraud alarms.

Fraud 261

Fraud Report Tools Security 261

Abrigo

OCTOBER 14, 2022

Fortify your credit risk management framework How to prepare your organization for scrutiny of its credit risk management practices during your next exam or review. . You might also like this whitepaper, "Stress Testing: Managing Capital Levels and Credit Risk." So how can banks help customers keep up in uncertain markets?

Risk Management 195

Risk Management Management Policies Lending 195

PYMNTS

JUNE 4, 2019

In the old days, forged checks were the biggest problems that bank fraud departments had to manage. It is no wonder that fraud prevention is one of the problem areas that FIs hope artificial intelligence (AI) can help resolve. Yet, few FIs leverage this technology in their anti-fraud efforts — only 5.5

Fraud 195

Fraud System Study Comparison 195

FICO

JANUARY 12, 2022

The changing global regulatory landscape and ever-shifting fraud vectors are just two of the biggest challenges facing financial institutions. I recently sat down with Sidhartha Dash, Research Director at Chartis Research, for a conversation about the technology and trends in enterprise fraud management.

Fraud 52

Fraud Technology Management Trends 52

PYMNTS

APRIL 22, 2020

While being the victim of fraud is never good, there is something to be said for at least being able to identify where exactly one went wrong. Clicked the wrong link in an email, trusted the wrong authoritative voice on the other end of the phone, downloaded the wrong app hiding a malicious little piece of malware.

Fraud 253

Fraud Data Resources Tools 253

Abrigo

FEBRUARY 14, 2024

Keep me informed Download Use results from above to document and approve AML succession plan Scout key AML positions/talent Watch for triggering events Build out and document plans to remain BSA compliant. Include HR to add steps for replacing staff Submit plans to AML program executive management for approval.

Training 195

Training Fraud Compliance Regulation 195

PYMNTS

DECEMBER 9, 2020

Managing credit risk used to be a reactive process. Bank customers would fall behind on their payments, and their banks might react by imposing fees or having a case manager work with them to bring their accounts back up to speed. To learn more about how banks can build an effective AI adoption strategy, download the playbook.

How To 245

How To Management Report Strategy 245

PYMNTS

AUGUST 21, 2020

Digital banking is reaching unprecedented levels of popularity amid the pandemic, with 89 percent of American bank customers using mobile banking apps to manage their savings and checking accounts. ATMs are common avenues for fraud, however, especially those that are running outdated software. billion by 2024. About The Tracker.

Analytics 266

Analytics Fraud ATM Report 266

PYMNTS

OCTOBER 25, 2017

There are different levels of fraud management an organization can implement, from completely in-house to completely outsourced. But for a company planning to build an internal team to manage and prevent fraud 24/7, it’s important to understand the value and limitations of this approach.

Fraud 101

Fraud Management Tools Analytics 101

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.

Fraud 52

Fraud social media Cards Security 52

Abrigo

JUNE 3, 2021

Takeaway 3 To fight cryptocurrency-related risks and mitigate losses, be vigilant and stay on top of fraud trends. By Hannakah Rubin, Risk Management Consultant at Abrigo. As this market expands, so does a new frontier of cyber-fraud. Download the BSA Examination Checklist. Fraud Prevention. Fraud Trends.

cryptocurrency 368

cryptocurrency Fraud Trends Training 368

PYMNTS

JANUARY 26, 2020

Google has announced that all paid commercial extensions have been temporarily suspended from being published or updated in the official Chrome Web Store due to fraud, ZDNet reported on Saturday (Jan. Existing commercial extensions can be downloaded, but not updated. Existing commercial extensions can be downloaded, but not updated.

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Google Fraud Apple Meeting 161

PYMNTS

OCTOBER 18, 2018

Access Bank , for example, said it would work with WhatsApp to give customers in Zambia the ability to manage financial accounts and complete transactions via the IM app. How Banks Are Weaponizing Data To Fight Fraud. To read the full story, download this month’s edition of the Digital Banking Tracker. . About the Tracker.

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Fraud social media Data Trends 178

FICO

FEBRUARY 23, 2022

When it comes to fraud, are people worried about the wrong things? New data suggest that people are concerned about fraud, but one of the biggest threats seems to be flying under the radar, at least for consumers. That threat is fraud scams – tactics and techniques that fraudsters are using to trick people into giving away their money.

Fraud 98

Fraud Survey Customer Experience Retail 98

Abrigo

AUGUST 4, 2021

Survey: Top Challenges and Trends for BSA/AML Professionals Abrigo's 2021 FinCrime survey benchmarks obstacles and trends for BSA/AML and fraud professionals. Takeaway 1 Managing false positives and keeping up-to-date on regulatory changes continue to be a challenge for financial institutions. Download now. BSA/AML Challenges.

Fraud 195

Fraud cryptocurrency Survey Trends 195

PYMNTS

SEPTEMBER 3, 2019

Experts estimate that total fraud losses in 2018 totaled $3.9 Fraud takes many forms, from account takeover attacks to identity theft. But ad fraud might be one of the most insidious types. Some estimates range as high as $42 billion, because ad fraud is tricky to measure. Types of Ad Fraud. AI Solutions.

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Fraud Tools Google System 116

PYMNTS

MAY 27, 2020

The May FI Fraud Decisioning Playbook examines the issue of omnichannel fraud and the strategies that banks and CUs are using to detect and thwart it. Around The FI Fraud Decisioning World. Cross-channel fraud is a major threat, and FIs need to quickly detect if it is occurring. Read the full story in the Playbook.

Fraud 245

Fraud How To Analysis Strategy 245

FICO

MARCH 5, 2021

Also managing radically different customer behavior and suddenly having a workforce that was predominately working from home. Look no further than the recently published Chartis Financial Crime Risk Management Systems: Enterprise Fraud Market Update and Vendor Landscape , 2021, where FICO was named as the top enterprise fraud Category Leader.

Fraud 52

Fraud How To Risk Management Management 52

Abrigo

AUGUST 7, 2023

Assessing and preparing for staffing needs AML and fraud compliance is an essential obligation for financial institutions. By performing a thorough staffing assessment of your AML and fraud teams, you understand the resource needs to meet all quality and regulatory expectations.

Training 195

Training Fraud Leadership Resources 195

FICO

DECEMBER 13, 2022

Biometric Security Crucial for Fraud Protection and CX. Because customers value ease of use and good fraud protection most, FIs must balance scam protection with making things easy for good customers – but not TOO easy. How FICO Can Help You Fight Application Fraud. Download the white paper on this survey. FICO Admin.

Fraud 52

Fraud Security Survey Customer Experience 52

FICO

NOVEMBER 21, 2022

First-Party Fraud Must Be Stopped Across the Customer Lifecycle. While those in the financial services industry would term this first-party fraud, it is evident that a significant minority of people don’t think of such behaviour as unacceptable. FICO Admin. Tue, 07/02/2019 - 02:45. by Sarah Rutherford. expand_less Back To Top.

Fraud 52

Fraud Survey Data Analysis 52

PYMNTS

MARCH 4, 2020

The collaboration enables Revolut customers to view data about all their different banks and bank accounts all in one spot in the app, thus supporting easier financial management. For more on these and all the rest of the latest B2B API headlines, download the Tracker. To get the full scoop, download the Tracker.

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Fraud Examples Security Management 242

Abrigo

JANUARY 3, 2024

Keep me informed Download Second beneficial ownership rule Who can access BOI registry information? Stay up to date on AML/CFT and fraud trends with more professional development. We can help you navigate changing AML/CFT and fraud regulations. Be ready for AMLA-related changes. This checklist can help.

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Fraud Regulation Report Compliance 221

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. Synthetic Identities and Application Fraud. Innovative Customer Communications for Fraud. Tue, 07/02/2019 - 02:45. by TJ Horan.

Fraud 52

Fraud Analytics Trends Innovation 52

PYMNTS

DECEMBER 6, 2016

KnowBe4 , a security awareness training and simulated phishing platform provider, launched a new tool designed to help IT managers combat CEO fraud, or Business Email Compromise (BEC) as it is referred to by the FBI. Those replies are then recorded and made available for IT managers to download and review if needed.

Tools 100

Tools Fraud Training Security 100

BankBazaar

MAY 18, 2020

This has been accompanied by an increase in cyber frauds as well. This has been marked by an increase in digital frauds as well. Among all digital channels, the one that has seen the most rise in frauds is the Unified Payment Interface (UPI). This has been marked by an increase in digital frauds as well. Phishing scams.

Fraud 78

Fraud Google social media Apple 78

FICO

DECEMBER 5, 2022

Top 5 Surprises from FICO’s Fraud and Digital Banking Survey. Our survey found that good fraud protection is paramount for customers - even though they themselves may exaggerate income or claims. A report released by the FTC in February 2022 indicates a 71% increase in fraud in 2021, which cost consumers roughly $5.8 FICO Admin.

Survey 52

Survey Fraud Digital Banking social media 52

FICO

MARCH 10, 2022

I’ve been writing recently about the results of our recent global consumer fraud survey. But like most things, it’s not as simple as it sounds, as large customer groups are likely to switch banks if they are dissatisfied with their response to a fraud management incident (more on that in a moment). What’s a bank to do?

Fraud 52

Fraud Survey Cards Customer Experience 52

PYMNTS

APRIL 24, 2020

There is a great deal of economic uncertainty in the world today, as many banking managers and executives are acutely aware. These circumstances have brought to the fore what has long been a central concern for lenders: assessing and managing credit risk. To learn more about the emerging use cases of AI in banking, download the report.

Payments 251

Payments Fraud Study System 251

FICO

FEBRUARY 23, 2022

When it comes to fraud, are people worried about the wrong things? New data suggest that people are concerned about fraud, but one of the biggest threats seems to be flying under the radar, at least for consumers. That threat is fraud scams – tactics and techniques that fraudsters are using to trick people into giving away their money.

Fraud 52

Fraud Survey Customer Experience Retail 52