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Fraud managed services are when you outsource the management of your fraud detection and prevention services. Managed services can range from having a fraud specialist handle some of your fraud prevention strategies to fully outsourcing ... Read More »

Safe deposit boxes offer your customers the ability to safely secure a range of items, but you need to ensure you're running your vault as safely as possible. To protect your customers, the contents of ... Read More »

Fraud detection and prevention tools rely on machine learning to improve their efforts. The more the tools learn, the more effectively they can spot signs of fraud and avoid false-positives. But how does machine learning ... Read More »

When most people think of scams and bank fraud, they typically think about crimes being committed by a criminal. Usually, this is the case, but several scams rely on unwitting consumers to perpetuate them. In ... Read More »

You can invest all kinds of capital into fraud detection and prevention solutions, but in many situations, the staff at your financial institution is your first line of defense. If they don't understand the risk ... Read More »

Effective anti-fraud solutions don't just look for fraud that is underway. Instead, they look for signs that fraud is likely to happen. They detect fraud before it occurs, helping to reduce losses, save time, and ... Read More »

When you're comparing different anti-fraud solutions for your financial institution, you're likely to hear the phrase "machine learning" a lot. Machine learning is a type of artificial intelligence (AI) that mimics the human brain by ... Read More »

Synthetic identity fraud is one of the fastest-growing types of fraud right now — it costs banks an estimated $6 billion and accounts for 10 to 15% of the charge-offs in an average unsecured lending ... Read More »

Card-present fraud accounts for nearly $3 billion in losses every year. This number is declining as fraudsters have been shifting their focus to card-not-present fraud, but the percentage of fraudulent transactions compared to total transactions ... Read More »

Protecting your bank from fraud and cyber crime is critical if you want to reduce losses and safeguard your reputation, but you need to make sure that your approach is effective. If your fraud detection ... Read More »