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Wire Transfer Fraud
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The invasion of Ukraine has raised concerns about potential cyber-attacks
The current crisis unfolding in Ukraine has universal ramifications: Cyber security experts and bank regulatory agencies are warning of the potential for a worldwid... -
Financial Fraud Kill Chain may be used to recover fraudulent international wire transfers
Created by the FBI, the Financial Fraud Kill Chain may help your financial institution in preventing the successful withdrawal of funds by criminal actors. -
The Impact of Wire Fraud Loss: By the Numbers
ABA Insurance Services shares statistics about wire fraud loss, including the anatomy of wire fraud, what are the facts, what is the cost, where is it being reporte... -
Fraud involving HELOC loans shows no signs of slowing
Criminals are finding new ways to target banks and their customers through HELOC loan fraud. See suggested steps to take to help mitigate HELOC-related fraud. -
Be vigilant against rapidly evolving fraud schemes
Among recent claims noted by the FBI are schemes involving banks and their customers, PPP loans/funds, advanced fees and business email. -
Importance of Written Agreements in Preventing Wire Transfer Fraud
Wire fraud losses continue to grow at astounding rates. It’s imperative that your staff understand the importance of your bank’s written agreements. -
The Impact of Wire Transfer Fraud and Prevention Best Practices
Our webinar recording focuses on critical best practices that bank staff can take to actively protect their bank's customers’ identities, accounts and funds. -
Top 10 best practices to help avoid wire transfer fraud at your bank
It's critical that banks undertake best practices and loss control steps to prevent wire transfer fraud, including training and educating front line personnel, who ... -
Court rules in bank’s favor in an account takeover case
An appellate court ruled in favor of the defendant/bank rather than the plaintiff/the bank’s customer in an account takeover claim dispute.