Study: Customer loyalty increases when banks resolve fraud
Bank customers who experience fraud are more likely to stay with their institutions if the bank is able to identify ...
Tag: Fraud
G7 group issues document on AI benefits, risks to financial system
A G7 working group has released a statement outlining what policymakers and financial institutions should consider when weighing the potential ...
Treasury Department creates resource page for federal paper check phaseout
The Treasury Department has debuted a new resource webpage about the looming phaseout of paper checks for most federal disbursements.
FBI alert: Scammers impersonating agency’s cyber-crimes website
The FBI is warning that scammers are spoofing the website of the agency’s Internet Crime Complaint Center, or IC3, to ...
ABA responds to OCC RFI on potential actions to address payments fraud
According to ABA, “the growing prevalence and sophistication of fraud in today's financial ecosystem underscore the urgency of this inquiry ...
Survey: Most banks preparing for AI, have concerns about stablecoins
Most banks have taken initial steps in preparing for artificial intelligence, including educating employees about AI-enabled fraud, according to the ...
ABA’s Benda testifies before House subcommittee on escalating fraud threats
Banks are working every day to protect their customers from fraud, but they cannot stop criminals by themselves, ABA's Paul ...
Treasury sanctions Southeast Asian centers involved in alleged cyber scams
OFAC implemented sanctions against a network of alleged Southeast Asian scam centers that steal billions of dollars from U.S. residents ...
FinCEN issues notice on financially motivated type of extortion
FinCEN issued a notice to help financial institutions detect and disrupt a financially motivated type of extortion in which victims ...
A close call with fraud
An unexpected conversation with a criminal changes fast when smart financial education kicks in.
