As much as customers love variety in banking, so do fraudsters. With the emergence of omni-channel banking, scammers have found ways to leverage each new channel for fraud - and deposit fraud is one of the most common tactics. It’s a persistent and challenging issue that can have a major impact on customer trust, employee morale, brand reputation, and even your FI’s bottom line.

Synthetic identity fraud losses rose to an estimated $20 billion in 2020—spiking sharply from an estimated $6 billion in 2016¹. One of the fastest growing financial crimes in the U.S., synthetic identity fraud is now one of the

While media coverage around the danger of P2P payments is escalating, the reality is that Zelle^® fraud and scams have materially declined over the last five years relative to the network’s growth. More than 99.9% of over five