White Paper
Beware of Mobile Deposit Scams
Learn how to protect against mobile deposit fraud.
The use of mobile banking apps has soared.
According to the FBI, there has been a 50% surge in mobile banking since the beginning of 2020. The FBI has also cautioned that fraud operators are actively looking to “exploit new mobile banking customers using a variety of techniques.”
One of those tactics includes mobile deposit fraud.
A new report from Advanced Fraud Solutions, Beware of Mobile Deposit Scams, examines the types of mobile banking scams currently in play as well as best practices to securing mobile deposits.
What You’ll Learn
- How financial institutions can effectively deliver convenient banking options while mitigating the risk of mobile deposit fraud;
- Trends in mobile deposit fraud and how the rapid digitization shift has led to an increase in mobile deposit scams;
- How to secure Treasury items, including stimulus checks and Paycheck Protection Program (PPP) loans, and interdict fraudulent deposits in real time;
- How TrueChecks® — the industry’s largest check fraud database and leading check fraud prevention solution — can help mitigate check fraud.
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