With consumer losses from phishing scams in 2017 up 375 percent from two years prior, according to FBI data, the ABA Banking Journal Podcast marks National Consumer Protection Week with a bonus episode on phishing.
The number of Suspicious Activity Reports filed on suspected elder financial abuse quadrupled from 2013 to 2017, rising to 63,500 that year, according to new figures published today by the Consumer Financial Protection Bureau.
How to blend the basics of fighting fraud with new tactics, capabilities and processes to keep pace with digital payments.
Bank investments in technology can create more vulnerability to tech-savvy fraudsters.
BAFT, ABA’s global transaction banking subsidiary, today released templates for fraud indemnity agreements that member banks can use in attempting to recover funds fraudulently transferred from a customer’s bank to a different bank.
For payments fraud professionals, fighting fraud can seem like a marathon with a finish line that keeps moving further and further away.
Payment fraud remains rare, representing small fractions of 1 percent of the total number and the total value of payments, according to the Federal Reserve Payments Study released today.
From phishing to synthetic ID theft, emerging and resurgent fraud risks are keeping bankers on their toes.
Debit card use and market penetration continued to grow in 2017, while fraud losses declined, according to Pulse’s debit issuer survey released today.