Fraud Archives

Evaluating your fraud toolkit

Evaluating your fraud toolkit

Every year, the start of a new year reinvigorates consumers around the world to set resolutions to get organized, implement healthy habits and establish ways to enhance their lives. While businesses do not necessarily make [...]

3 fraud predictions for 2023

3 fraud predictions for 2023

As we turn the page on 2022, losses from fraud remain a significant threat for credit unions, their members and businesses. Consider that U.S. consumers lost a record $3.56 billion to online fraud [...]

The naughty list of fraud

The naughty list of fraud

The Bad Guys Are in the Holiday Spirit The holiday shopping season presents an abundance of opportunities for the bad actors to strike. Cyber criminals are hard at work during the holidays seeking to steal [...]

Holiday fraud prevention shopping list

Holiday fraud prevention shopping list

Transaction fraud continues to be a top risk for financial institutions across the country. We are back with our fraud expert and Allied Solutions Vice President of Risk Consulting, Ann Davidson. In today’s episode, [...]

Forged check checklist

Forged check checklist

To help your front-line staff spot forged checks before they cash or deposit them, first teach them about “negotiable instruments” and “words of negotiability,” suggests our most recent edition of First Line of Defense, offered [...]

Risk assessment: From burden to benefit

Risk assessment: From burden to benefit

Risk assessments. Tedious, compulsory, and painful. Just some of the words used to describe a process that is critical to your institution’s cybersecurity and compliance efforts. Yes, the risk assessment process can be daunting, [...]

Transaction risk and fraud

Transaction risk and fraud

Transaction fraud continues to be a top risk for financial institutions across the country. We are back with our fraud expert and Allied Solutions Vice President of Risk Consulting, Ann Davidson. In today’s episode, [...]

UCC tricks and treats!

UCC tricks and treats!

I hope everyone has a Halloween filled with more treats than tricks! Speaking of tricks, what happens when a credit union receives a check that has double the forgery? For example, the drawer’s signature [...]

Action required: Your passwords are expiring

Action required: Your passwords are expiring

With the notable exception of hackers and thieves, no one likes passwords. Creating and managing unique, secure, complex passwords across multiple systems can be a nightmare, which can make password resets as common for many [...]

ACH and holiday fraud: Don’t give fraudsters an unexpected gift

ACH and holiday fraud: Don’t give fraudsters an unexpected gift

This holiday season, you jolly well better be prepared for more fraud. 1 –  What is the risk? – Financial Fraud and holiday scams Fraudsters love holiday season. It’s the perfect time to take advantage of [...]

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