The latest from MaryAnne Colucci

Mar 4, 2024 - by MaryAnne Colucci, Envisant

The impact of rising debit card fraud and how to defend against it

In 2023, 34% of financial institutions with assets at or under $5 billion saw a growth in debit/prepaid fraud while 56% of larger institutions also witnessed an increase (PYMNTS). ...

Nov 30, 2023 - by MaryAnne Colucci, Envisant

Six fraud trends and the best way to deal with them

Over seventy percent of small financial institutions are experiencing an increase in fraud rates (PYMNTS). Fraud attacks are not only increasing, but they are also becoming more sophisticated. Even some ...

Mar 3, 2023 - by MaryAnne Colucci, Envisant

Deep insert skimmers – How to defend against these stealthy parasites

Despite advances in protections, card skimming continues to rise in the U.S. Thirty cities recorded skimmer theft around the end of 2022 according to Fox News. Skimming tactics are ...

Nov 1, 2022 - by MaryAnne Colucci, Envisant

The many ‘faces’ of imposter fraud and what credit unions can do

In 2021, the most frequently reported cases of fraud to the FTC involved imposter scams. Imposters are everywhere and difficult to spot, especially when they enter the digital space. What ...

Jul 6, 2022 - by MaryAnne Colucci, Envisant

The technology behind rising fraud: What it means for credit unions

Consumer reports of fraud losses to the FTC increased by 70% from 2020 to 2021 (FTC). Technology is the power behind many of these fraud attacks. According to a survey ...

Dec 15, 2021 - by MaryAnne Colucci, Envisant

Fraud trends

Account takeover (ATO) fraud is a common type of identity theft. Fraudsters gain access to victims’ accounts, and make non-monetary changes that include modifying personally identifiable information (PII), requesting a ...

Aug 5, 2021 - by MaryAnne Colucci, Envisant

Building consumer confidence with fraud prevention

Leading up to 2020, the shift toward digital-first consumer behavior was picking up steam. Activities like shopping, gambling, and dating had become widely accessible online. When the pandemic hit, those ...

Feb 28, 2020 - by MaryAnne Colucci, Envisant

Consumer best practices for online shopping

Shopping online can create stress.  While reputable businesses have safely conducted online transactions since the mid-1990s, the possibility of fraud still lurks in all the internet nooks and crannies.  Thankfully, ...