The American Bankers Association urged the Federal Communications Commission to take steps to stop the illegal ‘spoofing’ of outbound calls placed by banks in comments filed with the Federal Communications Commission on Sept. 16.
As part of its Safe Banking for Seniors campaign, the ABA Foundation today released seven new videos intended to help raise awareness about the top scams targeting older Americans.
The FDIC and the Financial Crimes Enforcement Network today published key takeaways and solution summaries from a recent “tech sprint” to develop solutions for banks and regulators to help measure the effectiveness of digital identity proofing—the process used to collect, validate and verify information about a person.
The latest incarnation of ABA’s award-winning #BanksNeverAskThat anti-phishing campaign returns in October. The season premiere of the ABA Banking Journal Podcast features a banker’s perspective on participating in the campaign and a sneak preview of new creative.
Innovations in account registration have given fraudsters just as much convenience as customers. Although check use is not as common in the digital age, fraudsters utilize checks as a convenient medium to exploit banks and their customers.
The most sophisticated and user-friendly method for blocking credential stuffing attacks is to use behavior-based detection and blocking.
The advisory highlights behavioral and financial red flags to aid banks with identifying, preventing and reporting suspected abuse.
Fraud attempts shot up 41% year-over-year in 2021, according to a new survey released by NICE Actimize.
The banking sector is among the most prepared industries to combat fraud, corruption and illicit activity, according to a recent report.
As instances of synthetic identity fraud—through which fraudsters create new identities out of pieces of real or fictitious information—become more prevalent, the Federal Reserve updated its toolkit of resources to help banks and consumers mitigate risks associated with these types of fraud.