Mobile apps: Ensuring BSA and FFIEC compliance
Protections for mobile apps must have the capability to recognize and block the tools that criminals use and abuse to commit fraud.
Browsing: Fraud
Adaptable fraud strategies help banks lend with confidence in a down economy
Prioritizing a smooth customer experience while protecting against attacks.
ABA, associations support FTC proposal against impersonators
The American Bankers Association and five financial and health care industry associations last week expressed support for a Federal Trade Commission proposal to prohibit the impersonation of government, businesses and their officials.
FTC data: Younger consumers more likely to report fraud
Consumers under 60 years old most often said scams originated from posts on social media.
Survey: Customers prefer security over service when choosing banks
More Americans value fraud protection over customer service when choosing to open a new banking account, according to a new survey by analytics firm FICO.
ABA, banks seek to educate holiday shoppers about scams
With the holidays in full swing, the American Bankers Association and member banks across the country are stepping up efforts to educate consumers on the threat of scams and how to protect themselves this holiday shopping season.
Hsu praises ‘quiet trustworthiness’ of banks amid crypto chaos
Amid significant volatility in the cryptocurrency markets, as well as an uptick in crypto-related frauds and scams, Acting Comptroller of the Currency Michael Hsu today praised the “quiet trustworthiness of banks,” and highlighted the OCC’s “careful and cautious” approach to crypto activities by national banks.
Survey finds fraud costs rising for banks
The cost of fighting fraud is rising for U.S. banks, with every $1 lost to fraud now costing $4.36 in related expenses such as legal fees and recovery, according to a study published today by LexisNexis Risk Solutions.
Podcast: Something old, something new in payments fraud
Something old, something new: In 2022, check fraud remains a focus of bank risk professionals, while instant P2P payments are an increasingly popular platform for scammers seeking to take advantage of consumers.
ABA to FCC: Stop illegal texts, protect banks’ lawful texts
The American Banker Association recently led a group of trade groups in expressing support for the Federal Communication Commission’s proposal to require mobile wireless providers to block text messages that are that are from invalid, unallocated or unused numbers, or those on a Do-Not-Originate list.