Study: Fraud attempts rise 41% in 2021
Fraud attempts shot up 41% year-over-year in 2021, according to a new survey released by NICE Actimize.
Tag: Fraud
Survey: Banking outpaces other industries in preparing to combat fraud and corruption
The banking sector is among the most prepared industries to combat fraud, corruption and illicit activity, according to a recent ...
Fed adds resources to 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 ...
FDIC, FinCEN recognize digital identity proofing Tech Sprint teams
The FDIC and the Financial Crimes Enforcement Network recognized three teams for excellence in a recent “tech sprint” to develop ...
A Moving Target: Pandemic Impacts on Anti-Money Laundering Compliance
Banks focusing on innovation in their processes, people and technology will be well placed to implement effective BSA/AML compliance programs.
Study: Small, Midsize Business Lending Fraud Rises
Small and midsize business lending fraud in the U.S. increased 6.9% in 2021 from a year earlier, according to a ...
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 ...
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 ...
