Blog Post
Alloy’s 2025 State of Fraud Benchmark Report has been released Organized Fraud Rings are growing 99% of respondents report AI is part of their fraud defense Alloy, an identity risk management platform for financial companies — recently published its 2025 State of Fraud Benchmark Report, revealing meaningful losses for financial organizations in 2024. Last year, we…
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Even as digital payments grow, check fraud remains a major threat to financial institutions Positive Pay is a key technological solution A comprehensive, layered approach is recommended In a recent article, BAI looks ahead to check fraud defense in 2025, outlining several strategies financial institutions can use to combat the growing threat of check fraud.…
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An active online marketplace exists for stolen checks Check thieves are provided an easy tool for remaining anonymous A new graphic by Finovifi reveals alarming statistics Earlier in the week we talked about protecting individuals and business from mail theft and check fraud. Equally important, however, is realizing where stolen checks end up. Dark Web…
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The American Bankers Assoc. & U.S. Postal Inspection Service have produced useful infographics The infographics address individual and business account safety Several methods are recommended to recognize money mules In an effort to further educate society on the dangers of criminals stealing checks in the mail to commit check fraud, the The American Bankers Association…
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2024 saw a 15% increase in fraud attacks and attempts over the previous year A multi-layer approach to fraud prevention is recommended Also vital are robust email security measures, including two-factor authentication & email scanning Readers of our blog know this simple fact: There is no “single technology” that can detect the majority of counterfeit,…
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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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Travis Hill is newly appointed acting head of the Federal Deposit Insurance Corporation (FDIC) In 2017 during his first term, Trump issued an Executive Order directing more relaxed regulation We will likely see major changes for the banking industry in the next three years As reported in PYMNTS.com, the newly appointed acting head of the…
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There are 10 recommended warning signs that signal check fraud None of the warning signs require special equipment to detect Bank tellers, however, cannot be expected to get through the checklist on a busy day Spotting a fraudulent check is not an easy task. Fraudsters have finely honed their craft, and even the most seasoned…
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The business world is tangling with “a startling resurgence in check fraud” Going digital has advantages- but many won’t until they are victimized Implementing Payee Positive Pay service is essential The Bottomline blog pulls no punches with the title of its latest entry, How to Beat Check Fraud: Go Digital, Get Positive Pay, or Get…
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Scammers are using “mules” to pass bad checks Some “mules” are unaware that they are aiding a scam There are risk factors to look for when detecting mule-aided scams Sarah Cassidy, a senior consultant at FICO specializing in fraud, takes a look via the FICO Blog at money mule fraud, a major and growing problem…
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