Fighting fraud on the frontline
Customer inquiries and complaints are important tools for detecting scams, but structural barriers in the bank may prevent them from ...
Tag: Fraud
ABA launches online Treasury check verification platform
ABA launched a new online platform that will enable member banks to easily verify government checks and their payee information ...
Justice Department seizes millions of dollars linked to alleged crypto investment scams
The Department of Justice announced it has seized $225.3 million in funds linked to cryptocurrency investment scams. The action marks ...
FinCEN releases figures on BSA filings
Financial institutions filed 4.7 million suspicious activity reports in fiscal year 2024. They filed 20.5 million currency transaction reports during ...
Will fraud prevention ever be autonomous?
Anti-fraud systems are learning to anticipate fraud rather than merely react to it. Better anticipatory abilities inch systems closer to ...
Banking agencies seek public comment on strategies to combat payments fraud
The FDIC, Federal Reserve and OCC issued a request for comment on potential actions to help consumers, businesses and financial ...
ABA Fraudcast: Federal data points to need for united response to fraud
Telecoms and Meta are avoiding addressing serious challenges. And it's time to set up a family password.
Survey: Most consumers want financial institutions to keep them safe from scams
Roughly three in four Americans believe that financial institutions should be most responsible for keeping consumers safe from scams, according ...
Fed: One in five Americans victims of financial fraud, scams
More than one in five U.S. adults have experienced financial fraud or scams involving their money, with older adults more ...
ABA, associations urge SEC to rescind cyber disclosure rule
ABA joined the Bank Policy Institute and three other associations in calling on the SEC to rescind its cyber incident ...
