Predictive Analytics Tools To Fight Bank Fraud

Predictive Analytics Tools To Fight Bank Fraud

Banking fraud is growing in size, speed and frequency… just like the digital mediums they prey on, making it more rampant and expensive than ever. According to the ABA Banking Journal, in 2021, it cost U.S. financial institutions a staggering $4.00 for every $1.00 of...
Data Contingency Plans for Risk Management

Data Contingency Plans for Risk Management

Despite your best efforts, there is always a risk that your data systems could be breached. Such a breach can also bring your business to a halt. A good risk management plan helps you to act fast when your systems fail or are compromised. Taking steps while there is...
Customer Identification Programs in Action

Customer Identification Programs in Action

As part of Know Your Customer (KYC) guidelines, firms must conduct Customer Identification Programs (CIPs) to verify that customers are who they say they are and that they are being truthful about the nature of the businesses in which they are involved. What Is a CIP?...
Stop Account Takeover Fraud With A Secure Customer Onboarding

Stop Account Takeover Fraud With A Secure Customer Onboarding

Most companies are aware of the threat of fraudulent account creation and take significant measures to prevent it from happening. While this is a solid strategy, it’s important to be aware of the threat of account takeover (ATO) fraud as well. Account takeover fraud...