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...
Financial services firms lose an average of $18.5 million per year through malicious activity like leaked credentials, payment fraud, money laundering, fake account registration, loyalty abuse, and more. Fraud prevention depends on effective intelligence gathering, and few firms have the tools or personnel to...
There has been a rise in crypto fraud, and a substantial portion of it can be attributed to stimulus funding and paycheck protection programs, says David Britton, vice president of strategy, global ID and fraud at Experian. He discusses new authentication methods and stricter regulations.
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...
Most consumers are now thrust into using online and mobile banking more often, FIs need to stay alert as digital acceleration elevates vulnerabilities for fraud, money laundering, and other illicit activity.
Download this report produced by Aite Group to learn how a digital-first strategy is imperative for...
Financial criminals are constantly adapting and evolving their tactics to get ahead of financial institutions (FIs). Keeping pace with these criminals is a challenge in of itself, and when you couple that with the need to comply to ever-changing regulations?
Download this eBook to learn how a cloud-based, AI-first...
Between the ever-changing fraud landscape, and the surge in digital banking (which is here to stay), small to mid-sized banks and credit unions are already at a crossroads for financial crime risk management.
To make matters even more challenging, conventional fraud and AML tools are generating an overwhelming...
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...
Today’s sophisticated cyberattacks combine multiple tactics that include social engineering, zero-day malware and 3rd party OAuth app abuse. Threat actors employ tactics across email, cloud and web that target specific people in your organization to breach your environment and access sensitive data. Hybrid work...
Expectations for AML Responsible Officers and their operational teams are increasing in response to the combination of new techniques for money laundering, organised crime, geopolitical issues and new actors. To meet these increased expectations, operational resilience and sustainability using intelligent analytics...
PIPEDREAM is the seventh known ICS-specific malware. The CHERNOVITE Activity Group (AG) developed PIPEDREAM. PIPEDREAM is a modular ICS attack framework that an adversary could leverage to cause disruption, degradation, and possibly even destruction depending on targets and the environment.
Dragos assesses with...
In order to keep pace with the card fraud threat landscape, financial institution CISOs must continually refresh their awareness and understanding of card fraud tactics, techniques, and procedures (TTPs). Even for the novice cybercriminal, there are few barriers to entry and near-infinite resources in illicit forums...
Many organizations face an upward battle when detecting and preventing fraud.
Download the whitepaper to find out the top 10 trends to watch in the year ahead.
Learn more about:
How the effects of the pandemic propagate new fraudulent scenarios
What attributed to the staggering $5.4 trillion global cost of...
Findings from the latest LexisNexis® Risk Solutions Cybercrime Report revealed that between July-December 2021, the mobile share of transactions in the LexisNexis® Digital Identity Network® reached 75% for the first time, as app-based transactions become the predominant means by which consumers transact globally. ...
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