-
-
-
Recent multimillion-dollar elder fraud cases are leading to lawsuits and possible regulatory action.
November 13
-
As long as fraud-prevention efforts remain siloed and bank-specific, perpetrators remain free to employ the same strategies over and over. Banks need to do a better job of sharing information and collaborating.
November 12
-
-
As financial fraud becomes more and more sophisticated, banks need to get proactive about protecting their customers from scammers. This is particularly true of seniors, whose deposits are a key source of banks' core deposits.
October 16
-
In a six-month pilot, NatWest and Metro Bank shared with Meta 185 URLs connected to scams, enabling the platform to take down 20,000 accounts.
October 2
-
While it can be difficult to recover the funds victims lose to the scams, the U.S. has created a legal safe harbor that banks can use to share intel to prevent fraud.
September 23
-
-
