ABA today joined three financial trade associations in pushing back against a report issued by Sen. Elizabeth Warren (D-Mass.) examining fraud related to instant payments sent via the Zelle network.
As the industry observes Cybersecurity Awareness Month in October, ABA President and CEO Rob Nichols announced the launch of the third annual #BanksNeverAskThat campaign, the latest iteration of ABA’s award-winning campaign geared at educating consumers about the persistent threat of phishing scams.
The U.S. would benefit from a national reporting system that provides financial institutions a centralized location to easily report suspected elder financial exploitation, the American Bankers Association said in a statement for the record submitted to the Senate Special Committee on Aging.
The American Bankers Association urged the Federal Communications Commission to take steps to stop the illegal ‘spoofing’ of outbound calls placed by banks in comments filed with the Federal Communications Commission on Sept. 16.
As part of its Safe Banking for Seniors campaign, the ABA Foundation today released seven new videos intended to help raise awareness about the top scams targeting older Americans.
The FDIC and the Financial Crimes Enforcement Network today published key takeaways and solution summaries from a recent “tech sprint” to develop solutions for banks and regulators to help measure the effectiveness of digital identity proofing—the process used to collect, validate and verify information about a person.
The latest incarnation of ABA’s award-winning #BanksNeverAskThat anti-phishing campaign returns in October. The season premiere of the ABA Banking Journal Podcast features a banker’s perspective on participating in the campaign and a sneak preview of new creative.
Innovations in account registration have given fraudsters just as much convenience as customers. Although check use is not as common in the digital age, fraudsters utilize checks as a convenient medium to exploit banks and their customers.
The most sophisticated and user-friendly method for blocking credential stuffing attacks is to use behavior-based detection and blocking.
The advisory highlights behavioral and financial red flags to aid banks with identifying, preventing and reporting suspected abuse.