Tis the season to be jolly! As everyone gears up for the holiday season with decorating and shopping, fraudsters are hard at work. Scammers are planning on how they can execute holiday fraud this …
Counterfeit Check Fraud Prevention
Reports of counterfeit checks, for consumers and businesses, continue to pour in from financial institutions across the nation. Counterfeit checks used by fraudsters result in two types of risk …
Financial Institution’s Biggest Deposit Fraud Challenges
Banks and credit unions continue to strive to become more agile, accessible, and user-friendly. However, the additional channels now available to customers are opening FIs up to new security loopholes …
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The Top 3 Card Fraud Schemes Of 2018
In 2016 there was $1.3 billion in debit card fraud as reported by the 2017 ABA Deposit Account Fraud Survey. That means debit card fraud accounted for 58% of all fraud types, across all channels, and …
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Common Types Of Check Fraud And Scams
One of the largest challenges facing financial institutions is check fraud. It is actually the most common form of financial crime simply because it’s so easy to execute. Despite the advent of …
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How To Protect Yourself From Check Fraud Scams
While mobile banking continues to rise, check fraud scams — you remember paper checks, don’t you? — remain a big problem. One estimate found more than $13 billion in actual and attempted check fraud …
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