Internal fraud creates a significant risk for banks. The people who work at the bank understand its processes, and they are often in a better position to commit fraud than an outsider. Reducing the risk ... Read More »
The world of banking is changing rapidly. Customers are not as loyal as they used to be. They have more options, and they demand easy seamless banking experiences. To attract and retain customers, banks need ... Read More »
Machine learning is a critical feature of effective anti-fraud solutions. When an anti-fraud solution can learn, it builds more effective algorithms over time. As it analyzes transactions, it improves its approach. It learns to identify ... Read More »
As the COVID vaccine became available and business restrictions were lifted, people started traveling around the United States again. Unfortunately, scam artists quickly followed, and travel destinations experienced a significant spike in fraud attempts in ... Read More »
You've probably heard that criminals leverage the assets of the dark web to commit their crimes, but how does this happen? How do criminals access the dark web? What information do they find there? How ... Read More »
Rule-based fraud detection effectively allows you to set up filters to look for potential cases of fraud. When creating the rules, you use correlation and statistics to determine the transactions that are the most likely ... Read More »
The contemporary banking environment requires financial institutions to have relationships with many different third-party vendors. You may contract with vendors who provide software, process payments, monitor transactions, or handle countless other tasks. Your relationships with ... Read More »
To protect your financial institution from fraud, you must be vigilant in your fraud detection and prevention efforts. But in addition to considering external threats, you also need to think about threats from the inside ... Read More »
Banking customers have an unprecedented number of options, and to attract customers, financial institutions need to offer the right blend of services including fraud protection. Consumers are well aware that criminals are trying to steal ... Read More »
When you’re trying to fight fraud at your financial institution, you cannot just look at external threats. Unfortunately, some of the most pernicious threats come from the inside, and to protect your financial institution and ... Read More »