Cross-Generation Fraud Insights for Financial Institutions Different generations see money, payments, and risk through very different lenses. For financial institutions, that means fraud exposure doesn’t look the same for older adults, Gen X, millennials, and Gen Z, even when they use the same channels. This overview highlights cross-generation fraud facts you can use in customer … Continued
The phrase “treasury check” might not raise alarms for most, but it should. Government-issued checks often include identifiable markers, and any checks lacking this designation could be fraudulent. It is crucial to check the sender’s address on any government-issued check, as verifying the address helps confirm the authenticity of the payment and ensures it is … Continued
Attempted $410,000 Treasury check deposit stopped at credit union An individual using false identity documents opened accounts and tried to deposit a stolen Treasury check. The attempt hinged on quick onboarding and immediate access to funds. Apply extended holds and payee-match on high-value government checks. Validate IDs against trusted data sources. Re-verify profiles after address … Continued
Stolen, altered check triggers six-figure loss before stop-pay lands A Kansas City case shows how a stolen and altered $881,324 check was deposited and quickly converted to cashier’s checks and cash before a stop-payment reached the bank. Require enhanced KYC for new business accounts with large first deposits. Tighten large-item review and exception holds for … Continued
Quick Headlines Ally Bank targeted via FBI-agent spoof, attempted bank-fraud play Connecticut indictment alleges stolen-check scheme hitting bank accounts OCC releases August enforcement actions with governance signals Loan officer HELOC manipulation case moves toward sentencing Key Stories Ally Bank spoof via fake FBI authority DOJ reports a Texas suspect posed as an FBI agent … Continued
FOR IMMEDIATE RELEASE Triad fraud prevention company joins region’s top growth performers as financial institutions battle increasingly sophisticated criminals Greensboro, NC – Advanced Fraud Solutions (AFS) has earned a spot on the Triad Business Journal’s 2025 Fast 50 list of fastest-growing privately held companies. The fraud prevention software company, which serves over 1,200 financial institutions … Continued
Deposit fraud is an ever-present threat, every year draining billions from unsuspecting account holders—and financial institutions. Your financial institution stands on the frontline of banking fraud detection, potentially next in line to bear the brunt of these losses. But it doesn’t have to be this way. In this guide, we’ve broken down the key insights … Continued
Pop culture figure Andy Cohen shared a harrowing experience on the Today Show, opening up about falling victim to a sophisticated scam. His ordeal serves as a painful reminder that fraudsters are constantly evolving their tactics, and no one is safe. How the fraud unfolded Cohen’s troubles began when he lost his bank card, a … Continued
In this guide, we’ll explore the basics of using contribution data to enhance fraud prevention efforts. Specifically, we’ll cover the following: By the end of this guide, you’ll have a better understanding of the role that contribution data can play in fraud prevention and how you can take steps to leverage this valuable resource in … Continued
It’s no coincidence that the busiest season for shopping coincides with the highest period for fraud. Every day, fraudsters target consumers with an array of legitimate seeming propositions. But during the holidays, fraudsters make extra efforts to trick and defraud consumers. Here are the top three fraud threats coming this holiday season. Fake Retails Sites … Continued
