Fraud

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5 Ways COVID-19 Changed the Nature of Payments Fraud

As many businesses and consumers have been forced to deal with the difficult conditions thrust upon them by the COVID-19 pandemic, so too have fraudsters needed to make adjustments just to continue their life of crime. Given that the nature of fraud activities has been evolving during the crisis, not all of the changes are […]

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How Automation Helps Thwart Internal and External AP Fraud

How Automation Helps Thwart Internal and External AP Fraud

Accounts payable (AP) fraud is a major threat to businesses, with 82 percent of approximately 600 corporate treasury and financial employee respondents reporting their companies were subject to payments fraud attempts in 2018. Forty-three percent said their organizations lost money as a direct result of such attacks.

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Top 10 Cybercrime and Online Fraud Predictions for 2020

Top 10 Cybercrime and Online Fraud Predictions for 2020

As a decade of online fraud fighting is drawing to a close, it’s time to think about the next decade Fraudsters were very busy this decade, coming up with an ever expanding bag of tricks, and we should expect them to give all of us good reasons to continue the fight.

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FedNow Will Have a Hard Time Stopping Fraud

FedNow Will Have a Hard Time Stopping Fraud

The way in which we process payments here in the U.S. market has undergone significant change over the years. That said, the Automated Clearinghouse (ACH) process itself has remained fairly static, at least up until now. That’s all set to change, with the Federal Reserve’s recent announcement of its FedNow service.

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Keeping P2P Payments Fraud-Free

Keeping P2P Payments Fraud-Free

In today’s digital payments ecosystem, businesses, banks and consumers alike want access to their money as fast as possible. While person-to-person (P2P) payment solutions and real-time payment platforms are making the quick exchange of funds possible, fraudsters also see an opening to exploit these systems’ vulnerabilities.

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Mobile Payments, Other Fraud More Likely to Strike the Young

Mobile Payments, Other Fraud More Likely to Strike the Young

March 7, 2019 By: Steven Anderson Admittedly, younger people do things somewhat differently than their older cohorts do. Balancing a checkbook or monitoring bank statements isn’t exactly high on the list.

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Why SMEs Need to Do More to Mitigate Fraud (And How)

Why SMEs Need to Do More to Mitigate Fraud (And How)

Recent figures indicate that as many as 44 percent of small businesses in the UK have been targeted by fraudsters with one in four businesses falling victim to fraud. A massive 18.9 billion is the estimated loss to UK SMEs.

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Q&A: Experian’s 2019 Global Identity & Fraud Report (Includes Interview)

Q&A: Experian’s 2019 Global Identity & Fraud Report (Includes Interview)

Digital commerce has altered the way consumers interact with businesses. In recent years there has been a move away from face-to-face transactions to anonymous relationships built on trust. This scenario is difficult to achieve and it is one earned over time.

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5 Security Threats to Watch in 2019

5 Security Threats to Watch in 2019

As consumers grow more attached to mobile devices for e-commerce and payments, fraudsters are intensifying their focus on handsets with new phishing, vishing to SIM-swap tricks. Payment providers are looking for broad, new approaches to fighting fraud.

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Balancing Security and Consumer Friction Is the New Number One Fraud Challenge for Businesses

Balancing Security and Consumer Friction Is the New Number One Fraud Challenge for Businesses

While mobile and online commerce—including peer-to-peer, crowdshare and marketplace—continues to grow, payments companies are faced with challenges as businesses, as well as consumers, react to constant, massive data breaches.

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Holiday Scam Prevention for Financial Institutions and Consumers

Holiday Scam Prevention for Financial Institutions and Consumers

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 holidays (and year round); the second checklist contains precautionary measures to share with your cons.

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Debunking the Last-Minute Holiday Fraudster

Debunking the Last-Minute Holiday Fraudster

Holiday shopping procrastination is real. While you may have already wrapped up your gifts and put them under the tree, the same can’t be said of all shoppers. In fact, a whopping 24% of individuals surveyed by the National Retail Foundation said they would continue shopping through the weekend, and 7% would finish their shopping […]

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