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Writing checks may seem antiquated. However, there are many advantages, including having a paper trail for your payment and the “buffer” time from sending to depositing. Here’s another advantage that comes from making sure people are comfortable using checks that you may not have considered: Checks can actually make you …. smarter. Well, it’s specifically…
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Frank Albergo, National President of the Postal Police Officers Association, recently reposted via LinkedIn an item found by David Maimon, Professor at Georgia State University and Head of Fraud Insights at SentiLink. As Mr. Albergo relates: Crime evolves and criminals adapt. Obviously mail thieves want to avoid detection and arrest. A United States Postal Service letter…
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CNN reports that the US Treasury Department has begun using artificial intelligence — or AI — to detect fraud and recover funds, adopting techniques already widely used in the private sector. Starting around late 2022, the Treasury Department began using enhanced fraud-detection methods powered by AI to spot fraud, CNN has learned. The strategy mirrors…
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In case you missed it, over the past month, we have published incredible content on our OrboNation Blog and Modernizing Omnichannel Check Fraud Detection. Review the latest OrboNation Newsletter online or via PDF download.
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“Check cooking” is on the rise Florida’s Attorney General has issued a warning Initial investment for deposit fraud is surprisingly low Florida’s Attorney General, Ashley Moody, recently issued a warning about a digital check manipulation or “check cooking” scheme where fraudsters alter stolen checks to change the payee and payment amount. The warning comes in…
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Like many clubs or societies, fraudsters have a language all their own Some slang terms are obvious, while others are very oblique A valuable online Fraud Glossary resource is growing by the day People who share a common hobby or vocation often have a “lingo” of their own that they use to streamline communication and…
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In the fast-paced world of banking, keeping up with the latest technological advancements is essential for success. For banks, successfully managing check fraud remains a critical concern, even as the industry shifts toward digital transactions. Legacy systems can be a limitation, and institutions must upgrade to the latest tools and techniques in an effort to…
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As a global leader in check fraud detection and prevention, we at OrboGraph understand that the financial industry faces countless challenges in combating financial fraud. To protect our clients, we are committed to remaining at the forefront of check fraud detection and prevention by providing comprehensive solutions that incorporate advanced tools and techniques. Our multi-variant…
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Over half of bank execs polled are concerned about dependency on legacy technology The same execs have a positive outlook for 2024 Less than 8% of the execs polled expect to reduce their tech spending in the coming year Monitor Daily reports on a survey of over 100 bank executives which found concerns about dependency…
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As a global leader in check fraud detection and prevention, we at OrboGraph understand the complexities and changing landscape of check fraud in the financial industry. Even with the rise of digital payment methods, check fraud remains a considerable risk for banks and credit unions. Notably, fraudulent actors are employing increasingly sophisticated tactics to alter…
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