PYMNTS
JANUARY 25, 2021
This increased digital engagement can create challenges, however, as it opens up new avenues for fraud in addition to making transactions more convenient for customers. A Lloyds Bank study found that this type of fraud has increased fivefold over the past year, accounting for up to 1 percent of all loan applications.
PYMNTS
FEBRUARY 1, 2021
At the same time, as this week's B2B Data Digest reveals, fraud can come from many sources, not only outside of the enterprise. From commercial card misuse to invoice fraud, internal employees can be the bad actors, too. 727,000 was defrauded from a Missouri trucking company in an employee expense scam , reports in FreightWaves said.
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PYMNTS
JANUARY 26, 2021
Fraud and other forms of cybercrime are perennial challenges for digital-first banks and businesses of all types, as their extensive web presences open additional doors that allow bad actors to infiltrate their operations. billion fraud attacks occurred during the first half of 2020. The Two Types Of Fraud Threats.
PYMNTS
FEBRUARY 20, 2020
A recent academic study found that company CFOs are less likely to admit to fraud when they’re facing pressure to meet certain financial goals, according to Forbes. The study was done by researchers from North Carolina State University, the University of Missouri-Kansas City and the University of Chieti-Pescara in Italy.
PYMNTS
MAY 28, 2020
This means FIs must be able to ferret out and defend against an ever-more complex array of attacks, and they deploy advanced fraud detection strategies and designate additional resources to keep themselves and their customers safe. Staying ahead of fraud requires constant innovation. Red Flag Behaviors.
ABA Community Banking
JANUARY 14, 2025
On the inaugural episode of the ABA Fraudcast, former ABA Chair Dan Robb, president and CEO of Jonesburg State Bank in Missouri, describes the recent targeting of his bank by fraudsters who texted thousands of residents of his community, seeking access to customer accounts.
PYMNTS
DECEMBER 7, 2017
Today in PYMNTS’ data, fast food chains are reporting consumer satisfaction following implementation of mobile order-ahead offerings, retail stores are closing at a near-record pace, “unthinkable” numbers of executives share their companies have experienced cyber fraud, real-time faster payments finally make their way to the U.S.
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