Prove Fraud & Cybercrime Executive Advisor Mary Ann Miller on Bank Info Security | Check Fraud: New Approaches to Solving an Age-Old Problem
.webp)
I recently spoke with Suparna Goswami of Bank Info Security about the recent surge in an older fraud vector: check fraud. Read the full story to learn why rates of check fraud have increased an astounding 84% between 2021 and 2021, what actions The Treasury Department is taking to stop check fraud, and what new technology banks can leverage to protect their assets from fraudsters.
Read the full story here.
Additional Resources on Check Fraud:
- What is Check Fraud and How Can Banks Prevent It?
- Shotgunning Bad Checks: How Banks Can Protect Themselves
Keep reading
The increasing sophistication of deepfakes presents a significant challenge to businesses seeking frictionless digital onboarding, as the need for speed and ease in customer acquisition clashes with the rising risk of complex and unprecedented deepfake fraud.
Learn how the convergence of physical and digital tactics is also evident in the rise of mail theft and check washing.
Increased "rented phone number fraud," where fraudsters leverage aged phone numbers to bypass SMS 2FA, necessitates advanced verification solutions that analyze phone number reputation and ownership beyond basic tenure checks.
