Items include
fraud prevention
Victims of fraud want more than just their funds returned. If their financial institution can’t find the perpetrator, they’re 41% more likely to switch to one that will. We discuss why and how to prioritize identifying the criminal.
Positive pay can help you flag fraudulent checks before funds are issued, yet adoption rates are just 29%. We discuss the benefits of positive pay and how to increase its usage.
As digital transactions grow in volume and speed, real-time fraud detection strategies are increasingly becoming a necessity, particularly as CFIs look to balance security with a seamless customer experience. We look at some of its use cases.
Debit card and check fraud are both on the rise. We discuss the trend, including how CFIs can maintain vigilance and protect their customers.
Behavioral biometrics, which tracks how users interact with their devices, could help CFIs seamlessly enhance their cybersecurity. We explore how it works, how it can help CFIs, and implementation challenges.
Elder financial fraud is on the rise and hit record numbers in 2023. With losses totaling billions of dollars, regulators and individual states are stepping up their efforts to curb elder fraud.
We've finally reached the last article in our series of most popular BIDs of 2024. Now that 2025 has arrived, we're revisiting a cyber fraud topic that went from zero to sixty very quickly. Federal authorities have issued an alert about a financial scam called “pig butchering", in which victims are lured into investing in phony schemes, often involving crypto currency. The losses can be significant. We provide tips on how to identify these scammers, if they contact you.
SMB lending fraud is on the rise. We discuss recent survey results on trends and provide steps CFIs can take to help keep this type of fraud in check.
CFIs can help protect customers from check washing scams by offering practical tips and encouraging safer payment options. We detail how.
While the number of fraud complaints related to cryptocurrency schemes is still small compared to all complaints, the dollar losses have skyrocketed, eclipsing all other types of financial fraud losses.
CFIs of all sizes employ various strategies to successfully prevent and detect check fraud. But could another strategy be to go upstream and encourage business customers to adopt digital payments?