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Fraud typologies all financial institutions should know

Abrigo

Can your AML/CFT and fraud staff recognize these fraud typologies? The technology used to perpetrate financial crimes may be changing, but these common fraud typologies aren't going anywhere. This is a nearly 10% increase in complaints received and a 22% increase in losses and thats just fraud that was offically reported.

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Senators push payments fraud task force

Payments Dive

billion to fraud in 2024, a 25% annual jump, which the senators cited in their announcement. “We Dive Insight: The bill, if it moves forward in Congress, would represent one of the first formal federal efforts to combat payments fraud. Published June 12, 2025 Justin Bachman Senior Reporter post share post print email license Sen.

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New survey: Fraud may be down but the stakes for financial institutions remain high

Abrigo

New survey: Fraud may be down, but the stakes for financial institutions remain high Fraud isn't only a risk to manage within financial institutions; it's quickly becoming one of the most critical tests of trust between banks and credit unions and their clients. As fraud continues to be a climbing concern at reported losses of $12.5

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Celebrating FinCrime Fighter Day: Honoring the heroes of financial security

Abrigo

Their contributions are massive, and if you’ve ever worked with AML Officers and fraud professionals, you know just how vital they are. Every day, I’m reminded of the critical role the teams at our 2,500 bank and credit union customers play in anti-money laundering (AML), combating the financing of terrorism (CFT), and fraud prevention.

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Holiday check fraud: Protecting customers and financial institutions

Abrigo

Education, collaboration, and advanced fraud detection software can help prevent it. Education, collaboration, and advanced fraud detection software can help prevent it. The AML/CFT Officer or fraud officer plays a crucial role in any financial institution efforts to fight check fraud. They’ve evolved.

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Wire fraud: What it is and how to prevent it

Abrigo

Wire fraud is the second highest fraud scam impacting financial institutions As fraudsters continue to refine their tactics, financial institutions must remain vigilant to protect both their clients and employees from evolving wire fraud schemes. Understanding wire fraud is the first step to preventing it.

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Mitigating Mobile Fraud with Secure Subscriber Enrollment

Payments Dive

To streamline the enrollment process, while reducing the potential for fraud, GIACT released a new white paper, Mitigating Mobile Network Fraud with Secure Subscriber Enrollment , detailing the best practices in secure digital enrollment.

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