A dual citizen recruits a money mule to play with the hearts of many via online dating and swindle more than $5 million.
At the point of application, Verify Identity coupled with Verify SSN equips a financial institution with confidence to say that a customer is who they say they are.
Everyone loves a deal, but sometimes those deals come at a very high cost. Bargain hunters looking to save on high-priced brands can be easily sucked into buying counterfeit goods but today, luxury items aren’t the only fakes on the market. In the...
Learn how Early Warning can help your FI use big data and predictive analytics to say goodbye to bank deposit fraud
Seventy-one percent of financial professionals reported that their organizations were impacted by payments fraud in 20211.
The good news? That’s the lowest level reported since 2014. After reaching a record high in 2018 and 2019 (with 80 percent of...
Payment fraud detection is difficult to perfect. It’s a slippery form of fraud that shifts its shape as new technologies emerge. Indeed, criminals are relentless in their pursuit to steal funds via unauthorized payments—continuously innovating new...
Five things financial institutions need to know about consortiums and data-driven fraud detection
Picture this: a fraudster writes a check for $5,000 from his account at a credit union and walks over to his local branch of a nationwide bank, depositing the check by scanning it in at the ATM. It’s a large check, so the bank makes half of the funds...