Fraud Screening Archives - Page 4 of 5

Insight on the Role of Phones in Account Takeover

Jack Sundstrom, chief product and marketing officer for Kevari, wrote an article for Credit Union Times called, “Hanging Up on Phone-Change Fraud,” stressing the need

Kevari in BAI: Financial Institutions Must Join Forces Against Organized Fraud

Kevari’s Fraud Investigation Network allows financial institutions to join forces in the fight against account takeover and new-account fraud. Because organized fraud rings are sharing technology, data and insights designed to defraud financial institutions, it’s critical that banks and credit unions collaborate to defend against this growing threat.

Robot Fraud: How Botnets are Powering ATO

Today, thousands of botnets – connected servers of scripted software robots – can perform what used to require hundreds of hours of manual work in just a few seconds. The results are staggering — both for banks and their customers.

Account takeover schemes are rarely limited to physical address alone

When the Federal Trade Commission made a public request for comment regarding the 2007 Red Flags Rule, the American Bankers Association and Attorneys General from

Still Mailing Address-Change Letters? You Can’t Be Serious!

While much of regulatory compliance is now achieved with the help of efficient automated systems, financial institutions still have processes that have not benefited from modern technology. These relics from the past are a drag on the bottom line; they are paper-intensive, inefficient, and expensive.

One such relic is the process by which financial institutions are verifying customer/member address changes to comply with The FACT Act Section 114B. Instead of using cost-effective analytics software solutions as the law allows, institutions are printing and mailing letters at a cost of about $1 per address change.

Podcast: Address-Change Verification Does Not Have to Grow on Trees or Cost So Much

A digital approach to verifying address, phone number, and email changes is more efficient, cost effective, and better at reducing fraud losses in today’s digital banking environment. There’s never been a more perfect time for financial institutions to retire those antiquated address-change letters.

Detect ATO by Scrutinizing Non-Monetary Transactions in Real Time

Our bank clients use impressive fintech solutions to identify fraud attempts when money is changing hands. They also understand the importance of scrutinizing non-monetary transactions,

Kevari Launches Financial Institution Fraud Investigation Network^(SM)

Kevari, a Minneapolis-based national leader in developing solutions to prevent account takeover and new-account fraud, announced today that it is applying its award-winning fraud-mitigation technology to launch the Fraud Investigation Network SM, creating the unprecedented level of industry collaboration needed to detect and shut down fraud rings and schemes that target financial institutions.

Podcast: Machine Learning is Fortification in the Battle Against Identity Fraud

Machine learning (ML) is one of the fraud-fighting industry’s most powerful weapons in the war against new-account fraud and account takeover. It can expose new

New National Network Makes it Easy for Banks, Credit Unions to Fight Fraud Together

Accessing data from shared networks is not a new concept for those who investigate fraud. In fact, the ability to view the velocity of consumer

Tag: Fraud Screening