payments fraud

Why AI Is MIA In Most FI Fraud Departments
Why AI Is MIA In Most FI Fraud Departments
June 04, 2019  |  Artificial Intelligence

In the old days, forged checks were the biggest problems that bank fraud departments had to manage. Today, financial institutions (FIs) face a barrage of...

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Ireland’s Growing Invoice Redirect Fraud Problem
Ireland’s Growing Invoice Redirect Fraud Problem
May 17, 2019  |  B2B Payments

Authorities in Ireland have warned businesses about a rise in “CEO fraud” that gets unwitting victims to pay up in invoice redirect fraud. Separately, individual...

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Is Digital The Best Defense Against Trade Finance Fraud?
Is Digital The Best Defense Against Trade Finance Fraud?
May 10, 2019  |  B2B Payments

There are trillions of dollars at stake when it comes to trade finance fraud, and a senior OCBC Bank MD urges firms to go digital...

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The Case Of The $850 Million (Alleged) Crypto Fraud
The Case Of The $850 Million (Alleged) Crypto Fraud
April 26, 2019  |  Security & Fraud

Cryptocurrencies have had a rough week of it, evidenced by a double-digit percentage drop in bitcoin, arguably the marquee name in the space. Get the...

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FBI: BEC Scams Stole $1.2B In 2018
FBI: BEC Scams Stole $1.2B In 2018
April 26, 2019  |  B2B Payments

BEC scams are proving lucrative, according to recent FBI reports, which found that the bad guys’ haul doubled in 2018 over 2017. Separately, in Ireland, students...

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As PSD2 Looms, SCA Waits In The Wings
As PSD2 Looms, SCA Waits In The Wings
April 17, 2019  |  Authentication

Across the pond, eCommerce is about to weather a sea change that begins in September. PSD2 is almost here, and with it Strong Customer Authentication...

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Corporate Payments Fraud Jumps Despite Stronger Internal Controls
Corporate Payments Fraud Jumps Despite Stronger Internal Controls
April 10, 2019  |  B2B Payments

While corporates are adopting stronger internal controls to combat the threat of payments fraud, new data from the Association for Financial Professionals (AFP) reveals the...

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UK Study: Businesses See Fraudsters As ‘Ahead Of Industry’
UK Study: Businesses See Fraudsters As ‘Ahead Of Industry’
April 05, 2019  |  B2B Payments

 In the UK, might the fraudsters be getting ahead of the firms they are bilking? A recent study from Vocalink points to that sentiment, while...

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Ghosts Of Payments Fraud Past: Enron CEO Skilling Freed From Custody
Ghosts Of Payments Fraud Past: Enron CEO Skilling Freed From Custody
March 01, 2019  |  B2B Payments

Enron may be hazy in the minds of some, but former CEO Jeffrey Skilling's release from jail and federal custody shows that payments fraud is...

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