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 ...
Tag: Fraud
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 ...
Avoiding Fraudulent Transfer Claims from Loan Workouts
Here are five actions banks can take to stay out of trouble.
FinCEN Issues National Anti-Money Laundering Priorities
The Financial Crimes Enforcement Network today issued government-wide priorities for anti-money laundering and countering the financing of terrorism policy.
FinCEN Recognizes Law Enforcement Successes Resulting from BSA Reporting
At its annual Law Enforcement Awards ceremony, held virtually today, the Financial Crimes Enforcement Network recognized several state and federal ...
Understanding the Biden Administration’s Cybersecurity Executive Order
New standards for vendors may ease banks’ due diligence responsibilities.
Podcast: Risk Management with the Customer in Mind
Nicole Kitowski started her career at Associated Bank as a teller in high school. Nearly three decades later, she brings ...
