Abrigo

DECEMBER 10, 2019

Elder financial exploitation and elder fraud are rising at an alarming rate as they continue to be serious crimes in the United States. An increase in financial crime and fraud against the elderly is expected to continue to climb as the baby boom population (those born before 1964) age. The under-reported and growing crime.

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Fraud Study United States Training 284

Abrigo

OCTOBER 28, 2021

Growing Cyber Fraud Concerns What can financial institutions do to prevent and detect cyber fraud? You might also like this blog on cyber fraud. Takeaway 1 Cyber fraud increased during the pandemic, leaving financial institutions working harder to prevent and detect it. Preventing Cyber Fraud.

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Video Fraud Training Analysis 195

Abrigo

NOVEMBER 1, 2021

Combating Cyber-Enabled Fraud Requires Communication Increases in cybercrime or cyber-enabled fraud deserve attention from financial institutions, as Abrigo expert Terri Luttrell explains in this video. . You might also like this whitepaper, "The 2021 BSA/AML and Fraud Staff Survey: Top Issues for FinCrime Fighters".

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Fraud Video Training Compliance 195

Abrigo

JANUARY 22, 2024

6 Steps t o mitigate fraud risk tied to new products Your AML and fraud teams' input is key when it comes to offering new bank products. You might also like this infographic, "Beyond immediate fraud losses: How the costs and impacts of fraud snowball." download NOW Takeaway 1 Fraud losses totaled $485.6

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Abrigo

MARCH 8, 2024

Bank wire fraud is growing and becoming more complex. Takeaway 1 Bank w ire transfer fraud is increasing due to technological advances today. Takeaway 2 Transnational criminal organizations commit b ank wire transfer fraud and use a variety of techniques to make Americans their victims. Investment scams were #1, with over $4.6

Fraud 195

Fraud Technology Trends Training 195

Abrigo

SEPTEMBER 20, 2023

Understanding tax ID fraud FinCrime professionals looking to prevent tax ID fraud, first need to understand the fundamentals of what is happening and their best recourse for prevention. Takeaway 3 If you suspect this type of fraud, file a SAR with the term "tax refund fraud" in the narrative.

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Taxes Fraud Trends Exercises 195

Abrigo

NOVEMBER 3, 2021

FinCEN provides guidance on Cyber Fraud What can financial institutions do to prevent and detect cyber fraud? You might also like this blog on FinCEN's AML/CTF priorities on cyber fraud. Takeaway 3 The FinCEN releases also focus on money mule schemes and imposter fraud, both increasing due to the pandemic. .

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Fraud Video Training Bitcoin 195

Abrigo

JULY 13, 2023

Avoid fraud losses from pig butchering scams FinCrime professionals looking to prevent pig butchering scams in the age of cryptocurrency can follow these steps to tighten security. Takeaway 1 Investment fraud schemes known as pig butchering scams contributed to $3.3 billion in fraud losses in 2022. billion in 2021.

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Fraud cryptocurrency Training social media 195

Abrigo

NOVEMBER 17, 2023

Measuring the cost of fraud losses. The true cost of fraud goes beyond the initial reported fraud losses Would you like other articles like this in your inbox? Takeaway 1 Fraud scams made worse by the pandemic continue to be successful, while crypto-scams are emerging. That equates to $35 billion annually.

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Fraud Training Trends Compliance 195

Abrigo

FEBRUARY 8, 2024

Client fraud education to prevent banking losses Financial institutions play a crucial role in safeguarding customers and members from fraud. Fraud education is key. You might also like this infographic: 5 Fraud typologies impacting you and your customers or members. DOWNLOAD Takeaway 1 U.S.

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Fraud Resources social media Software 195

Abrigo

MAY 12, 2022

Protect your financial institution from cybercrime With cybercrime constantly evolving, what can businesses and financial institutions do to prevent fraud? Cybercrime is a threat to businesses and institutions of all sizes and is at the forefront of the minds of those in the fraud prevention field. These measures can help.

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Fraud Training Software cryptocurrency 195

Abrigo

SEPTEMBER 20, 2023

How financial institutions can prevent losses from 1st-party fraud Learn strong approaches to identifying, preventing, and detecting 1st-party fraud that will keep your AML program on top of fraud trends. Takeaway 3 Prevention and detection best practices can curb hard dollar 1st-party fraud losses while protecting clients.

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Fraud Cards Trends Software 195

PYMNTS

AUGUST 27, 2020

Mitek , which offers digital identity verification services, has partnered with Lightico , which works in the field of identity verification and eSignatures, to provide a new way to complete transactions over a text message, a company blog post stated. It also uses Mitek's Mobile Fill for the same purpose.

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Security Fraud Mobile Company 173

Perficient

MARCH 17, 2025

This blog brings together these insights, presenting the top financial services trends for 2025. AI-powered chatbots can handle routine inquiries, freeing human agents for complex issues, while AI-driven algorithms enhance fraud detection and risk management.

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Trends Analytics Compliance Strategy 221

PopularBank

NOVEMBER 14, 2024

Credit card fraud When an unauthorized person gains access to your credit cards, fraud may follow. Regardless of how they gain access, scammers can commit serious credit card fraud in seconds. Buy cards directly from the source to avoid fraud, or consider giving your loved ones or friends cash instead.

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Fraud social media Cards Security 98

Abrigo

FEBRUARY 22, 2024

Check fraud prevention is at the forefront for financial institutions Banks and credit unions report that check fraud is impacting their institution more than any other threat. You might also like this upcoming webinar on Homeland Security fraud investigations. Read on for cutting-edge prevention methods.

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Fraud Trends Training Maine 195

Chris Skinner

DECEMBER 6, 2018

We talk a lot about cybersecurity, fraud and risk, but are we too complacent about it? Out of the 1,300 IT security decision makers surveyed for cyberark Global Advanced Threat Landscape … The post Is the internet of things our biggest future threat? appeared first on Chris Skinner's blog.

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Survey Fraud Security Report 257

Abrigo

OCTOBER 19, 2023

It’s the time of the year when we celebrate Cybersecurity Awareness Month, a global initiative to raise awareness and educate people about the importance of staying safe and secure online. Cybersecurity Awareness Month is now in its 20th year and has a new enduring theme: Secure Our World. Stay up to date with cybersecurity threats.

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Online Security Resources Training 221

Abrigo

JUNE 13, 2022

Elder fraud prevention and education Learn strategies for recognizing and reporting elder fraud and exploitation. . Takeaway 1 Elder abuse, exploitation and fraud continue to rise as the baby boomer generation ages. Takeaway 3 Education and reporting are key to preventing this type of fraud, so know your state's policies. .

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Fraud Training United States Survey 195

Abrigo

JULY 10, 2023

Stay up-to-date on AI fraud trends to protect your clientele Emerging AI fraud schemes reveal holes in financial institution's defenses. Here are several suggestions for tightening security. Takeaway 2 Improving security questions is a good step to take to avoid text-to-speech AI fraud schemes.

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Fraud How To social media Security 150

Abrigo

JANUARY 13, 2021

High-risk transactions identified To combat PPP fraud, the SBA Office of Inspector General (OIG) has collaborated with the U.S. Takeaway 2 To thwart PPP fraud, the SBA has collaborated with the U.S. Takeaway 2 To thwart PPP fraud, the SBA has collaborated with the U.S. Combatting Fraud. Stay up-to-date on PPP fraud.

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Fraud Community Lending Analysis 195

PYMNTS

AUGUST 11, 2020

“While there’s a lot we don’t know, we do know a few things about what scammers do when this kind of uncertainty is in the headlines,” wrote by Jennifer Leach, associate director of FTC’s Division of Consumer and Business Education, on the agency’s blog.

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Fraud Taxes Survey Cards 174

PYMNTS

APRIL 8, 2019

An Israeli startup that creates anti-fraud services that deal with online transactions wants to raise $200 million for expansion, according to a report in Bloomberg. Fraud is becoming an increasingly more common problem in the eCommerce sector, and is estimated to cost merchants about $130 billion over the next five years. “At

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Fraud Samsung Capital Online 181

Abrigo

APRIL 6, 2022

New Rule Outlines Computer-Security Incident Notification Obligations for Banks Financial institutions and their service providers should prepare to meet new computer-security notice requirements by May 1, 2022. . Computer-security incident notifications required. Expand and Clarify.

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Security Regulation District of Columbia United States 195

PYMNTS

APRIL 27, 2020

As the digital shift continues to keep pace with post-coronavirus shopping behaviors, eCommerce fraud is growing with it. In fact, 22 percent of respondents in a recent TransUnion survey claimed they had “been targeted by digital fraud related to COVID-19.” It is a low-cost security check for website managers as well as consumers.”.

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Fraud Company Security Comparison 164

Abrigo

SEPTEMBER 25, 2024

Responding to fraud and compliance challenges While E-Tran enables SBA loan submissions, lenders must remain vigilant against potential fraud and ensure compliance with both SBA and federal regulations. Abrigo helped financial institutions secure more than $6 billion in PPP loans. We can streamline your SBA lending efforts, too.

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Lending St. Louis Fraud Software 379

Abrigo

APRIL 2, 2020

Key Takeaways Elderly persons are more susceptible to fraud during crises like the coronavirus pandemic. As the coronavirus pandemic takes a powerful hold on the United States, illicit activity such as cybercrime, check fraud, and other scams are rapidly increasing and is expected to continue throughout this difficult period.

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Fraud Resources Software Training 335

Abrigo

JULY 10, 2020

Community banks and credit unions partnered with their communities to help families and businesses through these unprecedented times , causing spikes in consumer fraud that must be faced head on. According to the new advisory , t wo fraud typologies are trending: imposter scams and money mule schemes. Member Business Lending.

Fraud 195

Fraud Lending Software Analytics 195

Abrigo

FEBRUARY 6, 2025

The right technology tools can help institutions manage both regulatory compliance and risk exposure across various investment types, including fixed-income securities, structured notes, derivatives , and funding instruments. You might also like this on-demand webinar, "Winning the deposit game." banking regulations.

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Compliance Technology Operations Risk Management 195

PYMNTS

JANUARY 26, 2020

Google has announced that all paid commercial extensions have been temporarily suspended from being published or updated in the official Chrome Web Store due to fraud, ZDNet reported on Saturday (Jan. As a result, Google’s security team indefinitely suspended the extensions, which impacts all paid extensions.

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Google Fraud Apple Meeting 161

SWBC's LenderHub

JULY 2, 2020

In this blog post, we'll be revisiting four fraud trends that are impacting consumers and financial institutions.

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Trends Fraud Industry Cyber Security 146

Abrigo

FEBRUARY 8, 2024

WATCH Takeaway 1 Romance scams are one of the most common forms of fraud schemes seen in the U.S. Takeaway 2 Financial institutions play a crucial role in not only securing their clients' financial assets but also in protecting their emotional well-being from the rising threat of romance scams. with reported losses of a staggering $1.3

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Fraud social media Training Trends 221

PYMNTS

JULY 27, 2020

In a blog post, Dave blamed the data breach on Waydev, a former third-party service provider. Overall, the data breach highlights the security issues posed when third-party aggregators have control over users’ sensitive data. “It million banking users had been exposed on a forum used by hackers to sell and swap ill-gotten data.

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Data Fintech Report Security 246

PYMNTS

OCTOBER 5, 2020

In this week’s B2B Data Digest, PYMNTS examines some of these numbers, finding that businesses are falling victim to payments fraud, but that tech firms are taking actions to mitigate cyber risks. . Furthermore, Sodinokibi hacks comprise one third of ransomware incidents that IBM Security X-Force has reacted to this year until now.

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Fraud Payments Security Data 135

PYMNTS

AUGUST 5, 2019

Monzo, one of the world’s largest digital banks, discovered a security flaw and is now asking half-million of its customers to change their personal identification numbers (PINs), TechCrunch reported on Monday (Aug. According to Monzo’s blog , the bank noticed on Friday, Aug. No one outside Monzo had access to these PINs.

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Security Los Angeles San Francisco New York 116

PYMNTS

APRIL 21, 2020

Ripple announced on Tuesday (April 21) that it is filing a lawsuit against YouTube , alleging that the popular video platform isn’t doing its due diligence to identify and remove crypto-related scams, according to a company blog post. More than $13 million has been lost overall due to coronavirus-related fraud.

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social media Fraud cryptocurrency blockchain 240

PYMNTS

JUNE 23, 2016

Though victims of fraud attacks may never be able to beat cybercriminals at their own game, it’s clear that knowledge is power. ” In this month’s installment of the Anatomy of a Fraud Attack series with Kount , we take a look at an increasingly favorite type of fraud among cybercriminals: carding or card testing.

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