In 2021, check transaction volumes increased by 8%, while attempted fraud dollar value increased by 106% for checks *. Check fraud risk is not only alive and well, but a growing concern for Fraud Managers.
To combat check fraud, Financial Services Organizations (FSOs) need both external account verification tools...
For criminals looking to cash in, opportunities to commit fraud and other financial crimes have never been so plentiful. Advances in payment technology, such as transaction options like Venmo, WorldPay and AliPay such as those from Apple and Qiwi, always open doors to new risks.
The recent rise of cryptocurrency is...
This annual survey seeks to evaluate the current and projected impact of fraud on the finance and treasury environment. Practitioners from all industries are polled on their experiences with fraud and on the range of controls, safeguards and security practices employed to protect their financial assets and...
Commercial banking fraud mitigation is experiencing a new level of interest from FIs as they try to combat escalating and highly sophisticated attack vectors from organized crime rings while also trying to stave off Fintechs encroaching into their territory.
By effectively leveraging the vast amount of data at...
If you think the only way your network and devices can be compromised via email is phishing, think again!
A majority of data breaches are caused by attacks on the human layer, but email hacking is much more than phishing and launching malware. From code execution and clickjacking to password theft and rogue forms,...
Let’s face it: phishing threats are getting into your end users’ inbox.
Over 50% of phishing emails are bypassing existing email security EVERY month delivering phishing threats to tempt users to click and give up network or personal credentials, activate malware, or scams like business email compromise...
Learn the comprehensive approach to domain security through these 6 steps that businesses can employ today.
Download the whitepaper to learn:
The 6 best practice steps to protect your domain;
Different types of domain cyber-attacks;
How threat actors deploy phishing sites & why you need to know.
Police in Nigeria this week arrested a 37-year-old man who's been charged with masterminding "a criminal syndicate tied to massive business email compromise and phishing campaigns," Interpol says. But with known BEC losses last year exceeding $2.4 billion, will the arrest have a noticeable impact?
A majority of financial institutions have reported a rise in account opening fraud and payment scams, which is expected to continue and cause losses for banks, says Trace Fooshee, strategic adviser at Aite-Novarica Group. He discusses new technologies to put in place to mitigate scam attacks.
The new Expel Quarterly Threat Report provides data on what we’re seeing,
detection opportunities, and resilience recs to help protect your organization.
We’ll dive into the trends in this report, based on incidents the Expel security
operations center (SOC) team identified through investigations into...
Pre-pandemic, escalating mobile banking adoption rate was primarily fueled by smartphone penetration, with over 4 billion people using smartphones. However, the disruption emerging from the onset of COVID-19 has been a major driver of mobile banking, fast-tracking the trend of mobile-first banking among younger...
The Financial Services industry has seen a 1000%+ increase in the amount of ransomware attacks hitting their organizations. It is also one of the most targeted verticals out there. We know why this is a favored target; because that’s where the money is. The question to be answered is identifying the attack vector...
Abnormal Security has closed a $210 million funding round on a $4 billion valuation to apply its account takeover prevention technology to areas other than email. The company wants to use its AI to protect accounts across systems and SaaS platforms and in environments such as Workday and Salesforce.
In the today’s digital world, when so much of our lives are online, identity verification and authentication are critical to addressing fraud-related risk management challenges. To prevent fraud and protect your business and your customers, you must be certain the people you are dealing with are who they represent...
Sercan Oyuntur, a 40-year-old California resident, has been found guilty of stealing payments of over $23 million from the U.S. Department of Defense, according to the U.S. Department of Justice. The stolen payment was meant for DOD's jet fuel suppliers.
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