Counter-fraud

One measure is to deploy bank account verification technology. This works by cross referencing payee account details with the name of the account holder.

https://www.finextra.com/blogposting/16384/protecting-customers-from-push-payment-scams

A more proactive strategy on fraud prevention — an early warning system — offers value for issuers and other payments players, as well as their customers.

https://www.pymnts.com/fraud-prevention/2018/dark-web-cybersecurity-terbium-labs-carding-consumer-data-protection/

Customer data is a key enabler for large-scale fraud attacks. The frequency of data breaches and other successful attack types has provided fraudsters with valuable sources of personal information to use in account takeover or synthetic identity fraud.

https://www.thepaypers.com/thought-leader-insights/why-fraud-attacks-will-become-increasingly-account-centric/775835

Fraud also affects fraudsters' families and friends in concentric circles

https://www.fraud-magazine.com/article.aspx?id=4295003640

Looking at some of the frauds around lost and stolen cards, application fraud, counterfeit cards, swapped cards, and some advice on what steps can be taken to minimise and identify fraud.

https://www.fleetpoint.org/fleet-management-2/a-guide-for-fleet-managers-on-fraud-prevention-detection-2/

Dive into what similarities fraudsters have, such as age, gender, tenure at a company and more.

https://www.fraud-magazine.com/videos.aspx

Warwickshire-headquartered Mercia Technologies has made a £2m investment into a Welsh company W2 Global Data Solutions which helps organisations prevent fraud and money laundering.

https://www.insidermedia.com/insider/national/multimillion-pound-investment-in-fraud-prevention-firm

Created alongside SAS, the IFB’s digital platform, the insurance fraud intelligence hub, lets insurers share real-time information about suspects.

https://www.cbronline.com/news/insurance-fraud-bureau

Name checks are to be undertaken when UK bank customers transfer money from next summer to deter rising bank fraud.

https://www.scottishlegal.com/article/name-checks-to-be-brought-in-for-bank-transfers-to-deter-fraud

Do you know the common ways identities are stolen and how you can best protect yourself? Take another look in the latest animated shareable video from the ACFE.

http://www.fraudweek.com/explainer-videos.aspx