Advanced Fraud Solutions named Banking Top 10 CIO Security Outlook Solutions Providers - 2018
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?
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.