Financial institutions (FIs) are grappling with sophisticated authorized and unauthorized scams that are fueled by payments innovation and higher transaction volumes. With instant payments gaining worldwide adoption, real-time monitoring is the key to stopping trending scams—but that’s not the only trend to plan...
Blue check scams, quishing, tech support, homograph attacks, and travel scams abound this holiday season. Fraud tactics are more personalized and harder to detect, competition is steeper, and regulatory scrutiny is ballooning.
In this eBook, we’ll take a look at how real-time fraud detection and real-time...
PSR shift in liability adds another dimension of complexity for financial institutions (FIs) combatting sophisticated APP fraud scams and new account fraud. Not only is it more challenging for FIs to protect themselves and customers, that liability shift could have deep revenue impact.
Why is NICE Actimize ranked the highest-scoring enterprise fraud management (EFM) vendor on Quadrant Knowledge Solution’s 2023 SPARK Matrix™? Because end-to-end fraud prevention across the entire customer life cycle doesn’t just achieve robust fraud detection and prevention—it improves operational efficiency...
Financial institutions (FIs) are increasing their efforts to combat the alarming rise in fraud cases. A prominent example is the U.K. PSR’s upcoming shift in liability to FIs, especially relating to Authorized Push Payment fraud. With the PSR’s new policy, both the sending and receiving FIs will be responsible for...
An evolution in transaction monitoring is required to accurately detect suspicious activity and truly reduce false positives.
This comprehensive guide helps you quickly assess your program’s current state and identify opportunities for improvement. By updating processes, implementing the right tech, and closing...
Fraudsters are always looking for new ways to shift funds from their schemes into their accounts—that’s where mules come in. Until now, there’s never been a real-time solution for detecting money mule activity. Download this comprehensive guide to uncover the strategies for detecting mule-related accounts,...
Phishing attacks have come a long way from the spray-and-pray emails of just a few decades ago. Now they’re more targeted, more cunning and more dangerous. And this enormous security gap leaves you open to business email compromise, session hijacking, ransomware and more.
Join Roger Grimes, KnowBe4’s...
Banks are facing unprecedented challenges in securing their digital ecosystems while maintaining cost efficiency. With cybercriminals increasingly targeting the financial industry, banks face risks to their reputation as trustworthy partners. With data breach costs averaging nearly $6 million per incident, banks...
Mule accounts have become an increasingly prevalent element of fraudulent schemes, acting as the primary pathway for moving funds from various sources of fraud, such as scams, check fraud, account takeovers, and authorized push payment (APP) fraud, into the accounts of fraudsters themselves. Startlingly, our research...
Insights to help you quantify security risk.
The Cost of a Data Breach Report offers insights that help you understand risk in a changing world. Understand broad trends, and dive deeper into factors that can amplify costs or help mitigate financial losses. Register for the report to discover:
Cost mitigation...
You can’t secure what you can’t see. As the perimeter continues to morph with an increasingly distributed workforce, hybrid workplace, and rapid multi-cloud adoption, security and compliance exposures are intensifying. Unified and actionable visibility across all technologies including endpoints, software, cloud...
In the fight against fraud, there may be no better weapon than sharing knowledge. Unfortunately fraudsters also know this all too well and hence can take advantage of gaps in knowledge to bypass security controls, ultimately taking over an account, or gaining access to a credit line or card account.
Download this...
The challenges facing fraud executives in commercial banking won’t get easier any time soon. One financial institution cites they track it closely and have seen a 17% increase per year for the past 10 years.
Aite Novarica covers the latest fraud trends in 2021 and how continued investment in and evolution of a...
2021 has been a dynamic year for fraud and financial crime, and the events that have emerged out of the quickly changing risk landscape continue to create new vulnerabilities for financial services organizations (FSOs).
Key fraud and AML trends of the past year have been particularly prevalent and are positioned...
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