(609) 261-5500
Blog
Check-Washing on the Rise — Is Your Financial Institution Prepared?
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 »
Looking for Managed Fraud Services? 9 Features You Need
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 »
How Does Fraud Increase During Recessions?
Many signs indicate that the world is heading toward a recession. Economists have varying opinions on the severity and timing of the recession, but the majority say that it's coming. Rising inflation, falling stock prices, ... Read More »
Artificial Intelligence in Bank Fraud Detection and Prevention
Artificial intelligence has changed how we live. It permeates our everyday lives in countless different ways. AI dictates the playlists on our music apps, the posts in our social media feeds, and the results of ... Read More »
How to Protect Your Financial Institution From Rising Fraud Costs
Bank fraud notably increased during the pandemic, but financial institutions aren't just facing more fraud, they're also paying more to deal with it. When Lexis Nexis interviewed over 500 risk and fraud management executives in ... Read More »
10 Critical Fraud Detective Controls
The longer fraud goes undetected, the more it costs and the more damage it creates. To protect your financial institution, you need strong detective controls. Here are nine critical controls that you should be using ... Read More »
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 »
