Although check use is down, check fraud is up by about 12%. Check fraud can include nearly anything from a small floated check to an extensive million-dollar fraud. Keep reading to learn about some of ... Read More »
In Nashville, authorities apprehended a woman with 40 re-encoded cards. They found a man with 102 re-encoded cards in Chattanooga. In Michigan, two men used re-encoded cards to buy nearly $10,000 in gift certificates. These ... Read More »
If your financial institution employs traders, you need to be on the lookout for rogue traders. As you may know, rogue traders act independently, take on risky investments, and tend to have minimal regard for ... Read More »
By necessity, companies that offer financial services have to deal with very sensitive information and important data from their customers. Banks and other financial institutions collect data such as birth dates, social security numbers, credit ... Read More »
Over the past few years, people and businesses from around the world have lost billions of dollars in prime bank instrument scams. There are no prime bank instruments, and if someone is trying to entice ... Read More »
According to the Bureau of Justice Statistics, 17.6 million U.S. residents were affected by identity theft in 2014 — the latest statistics available. That's about 7% of all people over the age of 16. There's ... Read More »
Before cashing or accepting a check, your tellers should look it over using the Z-method. That means they should review the details on the check from the top left corner to the bottom right corner, ... Read More »
Fuzzing is a proactive software testing technique where IT security experts enter invalid or random data into computer programs to see if the inputs cause crashes, memory leaks, or other issues. To ensure your banking ... Read More »
Unfortunately, not everyone who comes to your bank looking for a home loan is honest. Some applicants may try to obtain mortgages fraudulently. To protect yourself from fraud in the loan origination process, you should ... Read More »
In 2016, the United States finally began the transition from magnetic strip credit and debit cards to EMV chip cards. Short for Europay, Mastercard, and Visa, the companies that develop and administer this technology, EMV ... Read More »