FTC: Romance Scam Losses Hit Record High in 2021
Romance scams are on the rise, with consumers losing $547 million to them in 2021 alone, according to new data ...
Tag: Fraud
Fed Releases Synthetic ID Fraud Mitigation Toolkit
As instances of synthetic identity fraud—through which fraudsters create new identities out of pieces of real or fictitious information—become more ...
Survey: Cyber Fraud Tops List of Bank Concerns about Global Economy
A new survey from TD Bank and Strategic Treasurer found that 81% of bank respondents see cyber fraud as the ...
The Post-Pandemic Fraud War: How to Play Offense
The pandemic has created many new challenges and changed the fraud risk landscape—perhaps permanently. It has also provided a training ...
Study: Banks See Rise in Fraud Attempts, Associated Costs in 2021
Banks saw more monthly fraud attacks in 2021 compared to the year prior, according to a new study from LexisNexis ...
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 ...
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 ...
