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7 Critical Fraud Remediation Strategies
The best advice on how to deal with bank fraud emphasizes the importance of being proactive, rather than reactive. This approach is critical. A proactive fraud posture means that you focus on detecting fraud before ... Read More »
5 Tips for Protecting Your Bank’s Reputation After Fraud Occurs
Fraud has a significant reputational effect on banks. Customers want to trust your bank, and if they feel like they can't, they will take their business elsewhere. Even if they leave their accounts open, they ... Read More »
How Signature Verification Tools Detect Forgeries
Traditionally, banks had physical signature cards for every one of their account holders. These cards allowed bank employees to compare the account holder's reference signature with the signature on the transaction. Many banks still have ... Read More »
Banks Tighten Cyber Security in Wake of Russian Sanctions
When Western nations placed sanctions on Russia, the threat of cyber attacks on banks increased. To protect themselves, banks have been taking a range of precautionary measures. If you run a financial institution, you need ... Read More »
Are Safe Deposit Boxes Safe? 10 Facts to Consider
The number of safe deposit boxes has been declining for decades, and the number dropped significantly in the last few years as many banks shrunk their physical footprints and closed branches. To put it into ... Read More »
7 Strategies to Protect Your Bank From Social Engineering Attacks
While you create your fraud prevention strategy, you need to keep in mind that humans are often the weakest link. As fraud prevention and detection strategies get stronger, fraudsters have to find alternatives, and increasingly, ... Read More »
What Do Consumers Expect From Their Banks?
Consumers need banks, just as much as they need food, clothing, and shelter. But just as they have a wide range of choices for these essentials, they also have a lot of choices in the ... Read More »
How to Reduce Fraud Risks During the Recruitment Process
A lot of the discussion about bank fraud centers around outfitting your financial institution with the right anti-fraud tools — and investing in anti-fraud solutions is critical. But you also need to consider the human ... Read More »
How to Improve Know-Your-Customer Procedures
Effective KYC Procedures Reduce Risk and Safeguard the Customer Experience Banking customers expect to be able to use websites and mobile apps for all kinds of banking transactions including opening new accounts and applying for ... Read More »
Addressing Lack-of-Confidence Risks in the Banking Industry
How to Make Sure Consumers Can Trust Your Financial Institution Banks have to deal with a wide range of risks — profitability, credit, market, liquidity, and fraud are just a small sampling of the risk ... Read More »
