Report: Debit card skimming declined in 2024
While the majority of debit card compromises still occur at nonbank ATMs, bank ATMs currently represent 27% of compromise locations, ...
Tag: Scams
GAO: FinCEN should clarify inspectors general use of BOI in fraud detection efforts
FinCEN should take steps to improve the ability of inspectors general to determine companies’ beneficial owners, which would be useful ...
FinCEN proposes severing Cambodian firm as institution of primary money laundering concern
FinCEN issued a finding and notice of proposed rulemaking targeting a Cambodian firm that allegedly acts as a conduit for ...
FCC proposes call authentication requirement for non-IP networks
The FCC voted to advance an ABA-backed proposal to create a new call authentication requirement designed to limit criminal access ...
FBI: Internet crime losses rose 33% in 2024
Reported losses from suspected internet crimes exceeded $16 billion in 2024, representing a 33% increase from the year before, the ...
Report: Automated web traffic growing cybersecurity issue for financial institutions
More than half of web traffic is now automated with financial institutions a top target for malicious bots, according to ...
ABA’s Nichols renews call for national strategy on fraud
In his opening remarks for the ABA Washington Summit, President and CEO Rob Nichols renewed the association’s call for a ...
ABA survey: U.S. consumers happy with their bank, applaud fraud protection efforts
Nearly nine in 10 Americans with a bank account (89%) say they are “very satisfied” or “satisfied” with their primary ...
Fraud Watch: Fraudsters use genAI to enhance old scams
Generative AI gives scammers a whole new toolbox. Understanding how these tools work is the first step to knowing how ...
Fed survey: Most fraud losses attributable to debit card, check fraud
A Federal Reserve survey of risk officers at financial institutions found that debit card fraud drove fraud losses at those ...
