Joint solution from IMM and Advanced Fraud Solutions combats fraud, provides additional layer of protection for Greater Iowa Credit Union and its members
Fighting Check Fraud in Real Time
Advanced Fraud Solutions and Q6 Cyber Reveal Latest Fraud Threats Developing in the Dark Web
Advanced Fraud Solutions and Q6 Cyber today announced the release of a new white paper that reveals the growth and sophistication of Dark Web-based threats, titled, “Fighting Fraud with Dark Web Intelligence.” The white paper explores the inner workings of the Dark Web, the latest tactics and channels used by fraudsters, as well as best practices on how to monitor and respond to Dark Web-based threats.
Fighting Fraud with Dark Web Intelligence
Shedding Light on the Dark Web
Enter the Dark Web
Omnichannel Check Fraud Prevention
Learn how to automate your omnichannel fraud prevention efforts with ImagePoint Hub, reducing losses and improving member experience. Subject matter experts Ted Kirk (Advanced Fraud Solutions) and Cameron Marks (Alogent) will dive into the key features of this fraud prevention integration so you can stop 60-70% of fraud losses in real-time.
As Mobile Banking Booms, What Can Banks Do to Protect Deposits?
More U.S. consumers than ever are swiping and tapping to check their bank account balance, to transfer money or deposit a check. The result has been a mobile banking boom. To keep up with demand, banks and credit unions have been fast to develop their own apps and mobile-friendly services, including enhancing ATMs with the latest check deposit imaging capabilities.
Stopping Debit and Credit Card Fraud in its Tracks
Protect Your Card Portfolios from Brute-Force Attacks
A recent fraud and security alert from Allied Solutions highlighted an emerging brute-force attack occurring on FIs nationwide due to card BIN numbers being issued in sequential order. Cyber criminals have determined that cards issued in sequential order are an easy entry point for brute-force attacks where fraudsters can steal card payment data.
Clues to Detect Mobile Check Deposit Fraud
If you’re already using TrueChecks® to scan your mobile deposits automatically, then you’re in better shape than most FIs out there. In fact, according to the 2017 AFP Payments and Fraud Control Survey, 75% of organizations in 2016 experienced check fraud, and the mobile channel is a hot spot for this type of activity. Without a database like TrueChecks® to spot fraudulent remote deposits, they can be harder to catch than checks coming through the teller line.
The Warning Signs and Growing Threat of New Account Fraud
How Banks and Credit Unions Can Build a Culture to Fight Fraud
Among all the things we train our customers on here at AFS, teaching them the tips and tricks of catching deposit fraud is one of the most important. Aside from just this fundamental training, though, there is a cultural element that can be encouraged at banks and credit unions that makes the ‘game’ of spotting fraudulent deposits fun and rewarding for staff. The trick is knowing how to position the benefits to encourage strong, consistent participation.
Banking Top 10 CIO Security Outlook Solutions Providers - 2018
The Power of Cooperation to Fight Fraud
One of the most important factors in the continued success of the TrueChecks® software is the critical component of data contribution. Coming from thousands of banks, credit unions, and third-party entities nationwide, the TrueChecks® database is comprised of live check fraud data fed into the system day in and day out.
The dark web can be a weapon against payment fraud
The dark web — a network of encrypted websites, invisible to traditional search — provides a safe haven for criminal activity and is a storehouse for compromised credit card data and personal identifying information, or PII. For financial institutions, the dark web has come to represent an ongoing threat. However, shouldn’t FIs keep their friends close and their enemies closer? Can the dark web be used to fight fraud as much as it can be used to carry out fraud?
Triad fraud detection company sees record growth, plans expansion
AFS Fights Check & Card Fraud
Payments by paper checks have declined by more than 50% over the last decade. However, check fraud has not dropped proportionally. As highly secure EMV payment card transactions become ubiquitous in the U.S., some criminals have returned to counterfeit check fraud. Others have taken to scams with checks that take advantage of unwitting consumers.
