Tag: fraud prevention
The gig economy — also called the sharing economy or access economy — is an activity where people earn income by providing on-demand work,...
This article was updated on November 9, 2023. How Multifactor Authentication Can Help Keep You Safe Keeping your organization and consumers safe can be...
This article was updated on November 9, 2023. Account takeover fraud is a huge, illicit business in the United States with real costs for...
For companies that regularly engage in financial transactions, having a customer identification program (CIP) is mandatory to comply with the regulations around identity verification...
As the sophistication of fraudulent schemes increases, so must the sophistication of your fraud detection analytics. This is especially important in an uncertain economic...
Authorized Push Payment fraud, also known as APP fraud or APP scams, involves a fraudster persuading a victim to willingly deposit funds to their...
In financial crime, fraudsters are always looking for new avenues to exploit. The mortgage industry has traditionally been a primary target for fraudsters. But...
In today’s fast-paced financial landscape, financial institutions must stay ahead of the curve when it comes to account opening and onboarding. Digital account opening,...
“Grandma, it’s me, Mike.” Imagine hearing the voice of a loved one (or what sounds like it) informing you they were arrested and in...
Trust is the primary factor in any business building a long-lasting relationship, especially when a company operates globally and wants to build a loyal...
Today’s digital-first world is more interconnected than ever. Financial transactions take place across borders and through various channels, leaving financial institutions and their customers...
52 percent of banks report high levels of concern about fraud, making fraud detection in banking top-of-mind. Banking fraud prevention can seem daunting, but...
Banking uncertainty creates opportunity for fraud The recent regional bank collapses left anxious consumers scrambling to withdraw their funds or open new accounts at...
The fraud problem is ever-present, with 94% of businesses reporting it as a top priority, and fraudsters constantly finding new targets for theft. Preventing...
The rise of the digital channel lead to a rise in new types of fraud – like cryptocurrency and buy now, pay later scams....