NACHA's CEO says ACH-related fraud is often over-hyped, and occurs far less often than check- and payment card-related fraud. But when corporate accounts are breached, fraudulent ACH transactions lead to big financial losses.
While most Americans spent the summer enjoying the warm weather, Tom Wilkinson and his wife Cheryl spent their summer cleaning up the mess left behind by a phishing attack that cost the Wilkinson's their identities and nearly $40,000.
Payment card breaches, check fraud and phishing/vishing - these are the most common forms of fraud striking banking institutions today. Yet, what form of fraud do institutions feel most prepared to prevent? Money laundering.
This is just one of the sobering results from the new Faces of Fraud: Fighting Back study...
Skimming, tsunamis, chameleons - debit fraud schemes are on the rise. Join us for a free webinar where we'll talk about the latest in debit card fraud, and share our experiences in how to detect it.
This webinar will deliver:
Overview of Debit Fraud;
Current & Forecasted Trends;
Typologies & Sample...