Fraud

Web Seminar Risk-based approach: Implementing better detection

Financial Services Organizations (FSOs) are expected to meet strict financial crime regulations, regardless of their size.

Sponsor content from NICE Actimize

Web Seminar Prevent instant payments from becoming instant fraud losses

As new payment types continue to evolve, so does the frequency and complexity in which fraud attacks occur.

Sponsor content from Feedzai

CFPB

CFPB urged to protect elderly from pandemic scammers

The COVID-19 pandemic has already given rise to false marketing of test kits and criminals impersonating the FDIC. Consumer advocates say the bureau could issue alerts as well as empower banks to help safeguard their customers’ funds.

By Neil Haggerty

March 22

Cyber security

FDIC warns of scams being carried out in its name

Fraudsters who claim they work for the agency are taking advantage of coronavirus confusion to try to con consumers out of bank account information and money.

By Penny Crosman

March 18

Cyber security

Coronavirus scams to watch out for

Financial institutions need to alert customers about emails or websites that pretend to offer important COVID-19 information but instead could end up stealing their account numbers or logins.

By Penny Crosman

March 11

Securing the digital customer journey

Digital banking has grown rapidly in recent years, with consumers increasingly demanding to perform more types of banking transactions on their devices. Yet, the tremendous growth in digital applications has led to an increase in fraud attacks. It's time for banks to rethink the customer experience. Discover how to deliver a seamless, secure and engaging customer journey.

Sponsored by OneSpan

Web Seminar Infusing AI and intelligent workflows to fight fraud faster at greater accuracy

AI Fraud detection is not like other, civilian AI problems. It looks like a textbook classification problem — but the criminals being classified know better.

Sponsor content from IBM

Cyber attacks

U.S. charges four Chinese military members over Equifax hack

The Department of Justice announced charges Monday against four members of China’s People’s Liberation Army for hacking into Equifax Inc., according to Attorney General William Barr.

February 10

Morning scan

Moynihan’s pay holds steady; cryptocurrency scams flourish

The BofA CEO’s $26.5 million salary was about the same as in 2018; investors hoping for quick riches still fall for cryptocurrency-based Ponzi schemes.

By George Yacik

February 10

Financial crimes

PayPal’s crackdown on human trafficking

The payments company is working with nonprofit organizations, law enforcement authorities, victims and others to make it harder for the criminals behind the modern slave trade to move money.

By Penny Crosman

February 5