Press

eFraud Prevention™ sees significant year-over-year revenue and adds 28 new financial institutions as clients in the past 12 months

SOUTHBURY, CT (February 21, 2023) — Established in 2004, eFraud Prevention™ is the largest and broadest provider of fraud prevention awareness in the US. The company’s growth is attributed to its rapidly expanding client base, which includes almost 28 new financial institutions in the past year, 9 of which are among the top 100 largest banks and credit unions in the US. With the rise of fraud schemes and scams, financial institutions are prioritizing fraud prevention and education, and eFraud Prevention is leading the way in providing comprehensive fraud awareness and victim support.

New clients include: Amerant Bank, Arizona Bank & Trust, Bank of Blue Valley, Bank United, BOKF, Cape Cod Five Bank, Citywide Banks, CommunityAmerica Credit Union, DB&T, First Bank & Trust, First United Bank, Franklin Savings Bank, Guilford Savings Bank, Horizon Credit Union, HTLF, Illinois Bank & Trust, LOGIX Credit Union, Minnesota Bank & Trust, New Mexico Bank & Trust, Premier Valley Bank, Rocky Mountain Bank, Salem Five Bank, SecuityPlus Credit Union, Texas Capital Bank, The Cooperative Bank, TopLine Credit Union, UFirst Credit Union, Ventura County Credit Union, and Wisconsin Bank & Trust.

Financial literacy and fraud awareness are closely linked, and it’s crucial to understand this correlation in today’s world. As fraud and financial crimes continue to evolve and become more complex, the need for fraud awareness and education becomes more critical than ever. By including fraud awareness as part of a comprehensive financial literacy strategy, financial institutions can better equip their account holders to recognize and prevent fraudulent activities. In turn, this helps protect individuals and the financial system as a whole from the devastating impact of fraud.

The consistent growth at Efraud Prevention highlights the high demand among financial institutions for robust fraud education and victim support. Fraud prevention is critical for banks and credit unions as it helps them maintain a good reputation and minimize financial losses, as well as comply with regulations.

eFraud Prevention™ is poised for continued success in 2023 and remains dedicated to delivering world-class fraud education resources to its financial institution clients. The company is confident that its innovative Consumer Fraud Awareness platform will continue to drive growth and more importantly increase its impact in the fight against fraud.

About eFraud Prevention

eFraud Prevention™ is a comprehensive solution to the challenge of fraud scams. As the leading and widest provider of fraud prevention services, serving over 300 financial institutions in the US, eFraud Prevention™ offers a solid framework to enhance the understanding of fraud tactics among account holders and employees. By working together, we are making a tangible impact in people's lives by weakening the ability of fraudsters to steal money and identities.