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5 Tips for Protecting Your Bank’s Reputation After Fraud Occurs
Fraud has a significant reputational effect on banks. Customers want to trust your bank, and if they feel like they can't, they will take their business elsewhere. Even if they leave their accounts open, they ... Read More »
How Signature Verification Tools Detect Forgeries
Traditionally, banks had physical signature cards for every one of their account holders. These cards allowed bank employees to compare the account holder's reference signature with the signature on the transaction. Many banks still have ... Read More »
Banks Tighten Cyber Security in Wake of Russian Sanctions
When Western nations placed sanctions on Russia, the threat of cyber attacks on banks increased. To protect themselves, banks have been taking a range of precautionary measures. If you run a financial institution, you need ... Read More »
10 Facts About Safe Deposit Boxes
Although they're not as popular as they used to be, safe deposit boxes are still in demand. There are approximately 25 million safe deposit boxes in the United States — that's one for every thirteen ... Read More »
7 Strategies to Protect Your Bank From Social Engineering Attacks
While you create your fraud prevention strategy, you need to keep in mind that humans are often the weakest link. As fraud prevention and detection strategies get stronger, fraudsters have to find alternatives, and increasingly, ... Read More »
What Do Consumers Expect From Their Banks?
Consumers need banks, just as much as they need food, clothing, and shelter. But just as they have a wide range of choices for these essentials, they also have a lot of choices in the ... Read More »
How to Reduce Fraud Risks During the Recruitment Process
A lot of the discussion about bank fraud centers around outfitting your financial institution with the right anti-fraud tools — and investing in anti-fraud solutions is critical. But you also need to consider the human ... Read More »
How to Improve Know-Your-Customer Procedures
Effective KYC Procedures Reduce Risk and Safeguard the Customer Experience Banking customers expect to be able to use websites and mobile apps for all kinds of banking transactions including opening new accounts and applying for ... Read More »
Addressing Lack-of-Confidence Risks in the Banking Industry
How to Make Sure Consumers Can Trust Your Financial Institution Banks have to deal with a wide range of risks — profitability, credit, market, liquidity, and fraud are just a small sampling of the risk ... Read More »
The Emerging Role of Confidential Computing in Fighting Bank Fraud
Traditionally, data security has had a big hole, and confidential computing fills this gap in a way that can potentially help financial institutions reduce their risk of money laundering and digital fraud. This is especially ... Read More »
