(609) 261-5500
Blog
Transaction Analysis: A Primer for Bankers
Transaction analysis is the process of examining bank transactions to look for fraud or other issues. To reduce fraud, banks need to analyze checks, ACH payments, loan transactions, debits, and credit card payments. Some of ... Read More »
How to Do a Risk Assessment of Your Financial Institution
When you run a financial institution, you need to safeguard your resources and your clients from threats. That often starts with a risk assessment. To help guide you in the right direction, here's a very ... Read More »
Fraud Prevention vs. Loss Recovery – Why Humpty Dumpty Can’t Be Put Back Together Again
An ounce of prevention is worth a pound of cure, a stitch in time saves nine, and you can't put Humpty Dumpty back together again. There are countless sayings about the importance of proactive, preventative ... Read More »
What Is Spoofing?
Spoofing refers to a range of fraudulent practices where scam artists use email addresses, URLs, or phone numbers that mimic the email addresses, URLs, or phone numbers of a trusted person or business. All of ... Read More »
Essential Controls to Minimize ACH Fraud
Thieves attempt to steal close to $100 million in ACH fraud every year, and according to the FBI, the majority of the attempted fraud is on accounts from local community banks and credit unions. In ... Read More »
Is Your Bank Encrypting Data?
Data encryption is the use of computer programs to turn plain text into cipher text. In other words, encryption uses mathematical algorithms to turn regular words and numbers into secret codes based on ancient Egyptian ... Read More »
What Kind of Threat Does Your Financial Institution Face from Malware?
Recently, the media seems very focused on ransomware, and both businesses and financial institutions need to be aware of those risks, but in most cases, malware presents an even bigger threat than ransomware. There were ... Read More »
Manipulated Data: The New Bank Hack
Banks spend a lot of time and money protecting themselves from data breaches and hacks, but if you run a financial institution, it's now time to add another threat to the list: data manipulation. Most ... Read More »
What Can Happen to Your Financial Institution When Data Is Breached
In the wake of the widely publicized Equifax data breach, more and more people are starting to think about data security. If you own, manage, or sit on the board of directors of a financial ... Read More »
How Your Financial Institution Can Go Paperless
Paperless banking is an area in which online services have shown dramatic improvements in efficiency, cost, and security. Yet many financial institutions have moved slowly into online banking and many customers have kept paper statements ... Read More »
