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Investment scams lure people into sending money to fraudsters by convincing them that they're making lucrative investments. Traditionally, fraudsters reach out to victims using videos, emails, texts, phone calls, and even postcards, but a growing ... Read More »

The way your customers think about fraud can have a significant impact on their relationship with your financial institution. Their fraud education also shapes their risk profile. In 2022, FICO interviewed 1,000 U.S. banking customers ... Read More »

Losses from synthetic identity fraud are projected to increase to almost $5 billion by 2024 — this is double their current rate of $2.48 billion. When you take mitigation costs into account, this type of ... Read More »

When asked where they learn about finances, the majority of respondents say through osmosis and when pressed further, only 17% of respondents named their banks. The majority of people learn about finances from the people ... Read More »

Peer-to-peer (P2P) payments have become increasingly popular over the last few years, and banking customers demand the ease of these services. Unfortunately, however, instant payments are also ripe for fraud, and when someone becomes a ... Read More »

Payment fraud presents a significant threat to financial institutions. Constant vigilance is critical if you want to protect your customers and your organization from this type of fraud, but what do you need to watch ... Read More »

When thieves take over a bank account, they may use it to make fraudulent purchases, deposit and cash forged checks, write checks to themselves, or for all kinds of other nefarious purposes. Account takeover is ... Read More »

Banks face a significant risk of payment fraud. They must contend with traditional types of payment fraud like check fraud, but they also need to deal with the growing threat of instant payment fraud. With ... Read More »

Check-washing scams are on the rise again. Across the country, thieves are stealing checks from victims' mailboxes, "washing" off the ink with a chemical solution, and writing out checks to themselves in larger amounts. Last ... Read More »

Fraud detection and prevention tools cannot always work on their own. To be as effective as possible, they need humans involved in the process. Humans review potentially fraudulent activities that have been flagged by the ... Read More »