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In April our post featured “celebrity fraudster” Matt Cox as he described his methods for perpetrating check fraud. He knows of which he speaks; he is the author of the book Shark in the Housing Pool: On the Run With the Secret Service’s Most Wanted (out of 15 Amazon reviews, it has 14 five-star ratings — but let’s remember that the author is a professional fraudster…)
It is important to understand that while check fraud is a significant problem in the US, similar trends are occurring in Europe as well. In Europe, there was a shared view of paper checks as a payment vehicle on the road to the junkyard years ago — only to find out that it remains a popular payment method in many countries.
When contemplating Gen Z — those people born between 1996-2015 — many people assume they are another iteration of Millennials (early 1980s to early 2000s). That means they are a digital-obsessed generation with no interest in, for instance, visiting a bank teller. It turns out that’s not the case. In a podcast interview with BAI…
The world continues its effort to flatten the curve of the coronavirus pandemic. Governments have issued stay-at-home orders and have temporarily closed locations of nonessential businesses. PricewaterhouseCoopers recently released survey results that indicate pessimism among CFOs of healthcare organizations and other major companies regarding the impact COVID-19 will have on their bottom lines. As reported…
Technavio, a leading global technology research and advisory company, has released a report indicating that the industry is poised to grow by USD 15.14 billion during 2019-2023, progressing at a CAGR of over 48% during the forecast period. Entitled Global Artificial Intelligence-as-a-Service (AIaaS) Market 2020-2024, a free sample of the report can be obtained via…
You get a text from Costco offering you stimulus checks or packages because you’re a loyal customer. Great news, right?
The old saying “If it sounds too good to be true, it’s probably not true” comes to mind…
While the world adapts and deals with the COVID 19 crisis, we thought it would be a good idea to take some time to exercise our minds and share a check trivia quiz. This is not merely mental calisthenics, however. The first 10 entrants that can answer four or more questions correctly, we will send…
The negative impact of check fraud really hits home when it happens to you, a friend or relative. Unfortunately, as we see in the following drama, you don’t get the Hollywood ending if you’re unprepared.
A former colleague of ours, Eric Oliver, used to work for VSoft and Fiserv…
Nutanix presented an informative webinar exploring the findings in their new publication, the Nutanix Enterprise Cloud Index Report. Kevin Lash, Director of Global Financial Services Strategy and Solutions at Nutanix; and Callum Budd, Research consultant with Vanson Bourne, held forth on issues and trends encountered on the path to hybrid cloud capability. First, a cloud…
We’ve detailed various scenarios fraudsters contruct and provided the profiles of a fraudster, but what does check fraud look like from the vantage point of the fraudster?
Matthew Bevan “Matt” Cox is an American former mortgage broker and admitted mortgage fraudster. Cox is also an aspiring author who wrote an unpublished manuscript entitled The Associates, in which the main character — surprise! — traveled the country to perpetrate mortgage fraud.