Over the last few years, the FTC has reported a growing number of complaints about scams involving counterfeited checks. Fake checks are used in numerous types of scams, and are therefore quite dangerous to your [...]
Do you know how the card numbers within your card BINs are issued? Are you vulnerable to fraud attacks because of sequential card number issuances within you BINs? Cybercriminals have recently identified cards numbers within [...]
Financial institution employees and accountholders should be extra cautious of the increase in transaction risk especially when someone signs into online banking and creates a P2P bill pay type of transaction. Adopt fraud monitoring tools [...]
The 2019 tax season is here, and with it comes an increase in identity theft resulting from tax scams. In a typical tax scam, the fraudster reaches out to the victim disguised as an employee [...]
The 2019 tax season is upon us, and with it comes an increase in identity theft resulting from tax scams. In a typical tax scam, the fraudster reaches out to the victim disguised as an [...]
Phishing attacks continue to be a major concern for organizations and consumers around the country. It is imperative your institution continues educating your employees and consumers about these types of attacks, so you can all [...]
As times change due to lending trends, technology growth, and the state of the economy, lenders need to be more creative when it comes to building a risk strategy that keeps both them and their [...]
If you aspire to overcome current market disruptions, grow and evolve your business on a continual basis, and provide Amazon-level service to your members then it is imperative you begin building a data strategy right [...]
Consumer scams, transaction risks and loan application fraud attempts ramp up during this purchase-heavy time of year. However, these crimes are sure to continue long after the holidays. As the holiday season comes to a [...]
Below are two checklists that address the heightened fraud activity that occurs during the holidays: the first checklist contains precautionary measures for your financial institution to follow to detect and prevent fraudulent activity during the [...]
Reports of counterfeited consumer and business checks continue to pour in from financial institutions across the nation. Counterfeit check fraud results in two types of risk exposure: Exposure to the depository financial institution Exposure to [...]
It is an exciting time to be a bank or credit union in the auto lending marketplace! More than ever before, borrowers are seeking out unique solutions for financing their vehicles, and the current market [...]
October is National Cybersecurity Awareness Month. Though cybersecurity is everyone’s responsibility, year-round, this month serves as a special reminder that every individual has the power and responsibility to make the internet safer and more [...]
In past years, lenders haven’t always received the best news when surveying the home equity market. This year, when asked if they wanted the good news or bad news first, financial institutions were pleasantly [...]
According to a 2018 research study(i), there is as much as an 18% gap in sales revenue achievement between companies with effective sales coaching vs. those who are ineffective. This same study brought light [...]
