Jack Sundstrom Archives

Kevari in BAI: What Frontline Fraud Fighters are Seeing in Financial Services Companies

In the July 15 issue of BAI Banking Strategies, Jack Sundstrom, Chief Product and Marketing Officer for Kevari, reported on the company’s recent survey of

Could New USPS Service Standards Affect Account Takeover Rates?

Only time will tell how or whether the new USPS standards will impact account takeover rates.

Why You Can’t Afford an Old-Fashioned Approach to Address Changes

How do you distinguish legitimate address changes from fraudulent ones without causing undue customer friction? What you DON’T do: Rely on change notification letters. The practice of sending change notification letters to comply with Section 114b of the FACT Act Red Flags Rule does almost nothing to proactively prevent fraud. What you SHOULD do: Identify and pursue only the most suspicious address changes. While you’re at it, monitor all email and phone changes, too.

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,

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

The Case for a Fraud Investigation Network

For fraud investigators, an effective way to identify organized fraud rings is to look for a lot of activity associated with a particular communication endpoint,

Response to COVID-19 Compels Some Consumers to Seek New Banking Relationships

18 percent say they’re on the hunt; this jumps to 38 percent among those primarily using online-only banks, according to a Harris Poll on behalf

Acceleration in Digital Banking Adoption Means More Fraud

When COVID-19 forced Americans to stay at home, many banks and credit unions realized their survival now depended on how well they could serve customers

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