Podcast: From Crypto to Online Romance, How Money Mule Tactics Are Evolving
With the pandemic and other factors triggering growth in — and new dimensions of — “money mule” scams, how what ...
Tag: Fraud
SEC Proposals Target Fraud, Misconduct in Security-Based Swap Transactions
The Securities and Exchange Commission today proposed three new rules aimed at preventing fraud and misconduct in connection with security-based ...
Combating the Six Types of Financial Crime That Spiked During the Pandemic
Among the ways banks can respond to today’s quickly changing criminal activity is by incorporating flexible fraud-detection controls that allow ...
FinCEN Seeks Comments on Proposed Real Estate Sector Reporting Requirements
The Financial Crimes Enforcement Network is seeking comment on a potential rule on real estate reporting requirements.
ABA Data Bank: Nearly All Banks Provide Training On Detecting and Reporting Elder Financial Exploitation
Among the 99% of banks that provide training for customer service representatives, according to the 2021 ABA Foundation Older Americans ...
Survey: Banks Continue to Offer More Products Favorable for Older Customers
As older Americans—those born before 1965—hold 65% of deposit balances in the U.S., banks have continued to offer more products ...
Report: Synthetic Identity Fraud Results in $20 Billion in Losses in 2020
Synthetic identity fraud, where fraudsters create an artificial identity out of multiple pieces of real and fabricated data, resulted in ...
FTC: Fraud Cost Older Americans More Than $600 Million in Losses in 2020
The Federal Trade Commission’s Consumer Sentinel Network took in more than 334,000 fraud reports filed by Americans age 60 or ...
Targeting Generational Profiles for Effective Bank Fraud Prevention
Fraudsters are leveraging many financial institutions' own generation-targeted marketing schemes and product offerings to target widely different groups of consumers.
Combating Mobile Banking Fraud: The First Line of Defense
Today, you would be hard-pressed to find an average customer who doesn’t conduct their banking through digital channels. Even more ...
