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Current Fraud Costs for Financial Institutions
Bankers must pay very close attention to the cost of fraud. They must know how to optimize their budgets in ways that keep costs low while also minimizing risks. To guide you in the right ... Read More »
Beyond Fraudulent Payments: 7 Other Red Flags of Fraud
Banking professionals must be ever vigilant against fraud. However, you must look at more than just payments. Most bank fraud starts long before the money exchanges hands. To reduce the threat of fraud at your ... Read More »
9 Signs You Should Review Your Fraud Processes
The end of the year is the traditional time to reflect on your business strategies, congratulate yourself on jobs well done, and identify areas for growth. In the banking sector, that means paying particular attention ... Read More »
Who’s Liable for Fraudulent Checks?
Who is liable for check fraud? The person who created, forged, or altered the bad check is liable. But as they are very infrequently caught, the account holder, the drawer bank, or the drawee bank ... Read More »
How to Protect Your Bank From Thieves Posing as Bank Anti-Fraud Employees
Recently, in Kansas, two men were arrested after stealing thousands of dollars from victims' debit cards. Pretending to be fraud investigators from the bank, the men convinced victims to give them their debit card numbers, ... Read More »
What’s Causing the Increase in Check Fraud and How You Can Protect Your Bank
In 2022, check fraud increased by 84%, and although at the time of writing, the final numbers haven't been released for 2023, analysts expect check fraud incidents to be even higher that year. By October ... Read More »
5 Strategies to Reduce the Risk of Check Fraud Losses
Check fraud has more than tripled over the last five years—Just between 2018 and 2022, there was over a 200% increase in check fraud incidents. This trend is particularly shocking when you consider that check ... Read More »
Types of Managed Fraud Services for Banks
Financial institutions need end-to-end fraud strategies. They need processes that detect and prevent fraud. They also need to constantly assess and re-assess their risks and adapt their processes to the current threat landscape. Additionally, they ... Read More »
Tips for Planning Customer-Centric Bank Transformations
To be successful, organizations cannot be mired in yesterday's traditions or practices. They must meet the current demands of their customer bases and the current expectations of their industry. Organizational success requires flexibility and adaptability ... Read More »
7 Questions to Ask Before Implementing New Bank Fraud Software
When you invest in enterprise-level software, you have to think about how the implementation process is going to work. Careful planning ensures that you don't have a gap in service as you switch from your ... Read More »
