FDIC, FinCEN Announces Tech Sprint Focused on Digital Identity Proofing
The FDIC and the Financial Crimes Enforcement Network today announced a “tech sprint” to develop solutions for banks and regulators ...
Tag: Identity 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 ...
FBI Director: Cyber Criminals Targeting Banks’ Third Parties
When asked about threats specifically targeting banks, Federal Bureau of Investigation Director Christopher Wray urged banks to be wary of ...
Fraud-Related Losses Rise Among Older Consumers
Consumers aged 60 and older lost nearly $440 million to fraud in 2019, a $40 million rise from the prior ...
Preventing Fraud in the Paycheck Protection Program
As banks process applications in round two of PPP funding, four key tips for banks to prevent fraud.
Emerging Vectors for Payments Fraud
With EMV card deployment reducing fraud at the point of sale, cyber-criminal schemes are targeting email, mobile devices and other ...
Fed White Paper Examines Synthetic ID Fraud
With synthetic ID fraud—a tactic by which fraudsters use a combination of fake and legitimate information to create new identities—on ...
Survey: Customers Want Cyber Education from Banks
More than 9 in 10 Americans are concerned about their security online, and 74% of consumers say they would be ...
Study: Small Business Fraud on the Rise
Six in 10 lenders saw an increase in small and midsize business lending fraud over the past two years, according ...
