(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.data-privacy-src= 'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f); })(window,document,'script','dataLayer','GTM-P7RK2W');

Finding an edge in fraud’s cat-and-mouse game

In this month’s BAI Executive Report, we examine where things stand with fraud protection and how it can be done more efficiently and effectively, including looking at the role of both humans and technology in fraud Read More

By |2023-01-12T11:14:34-06:00January 12th, 2023|Comments Off on Finding an edge in fraud’s cat-and-mouse game

Quick Q&A: Reducing mobile phone takeover risk

A strong authentication process is key to mitigating mobile phone fraud and distinguishing legitimate customers from fraudsters. Don Smith, product manager of global fraud solutions at Neustar, a TransUnion company, spoke with BAI about strategies to Read More

By |2022-12-08T13:06:17-06:00November 30th, 2022|Comments Off on Quick Q&A: Reducing mobile phone takeover risk

The fraud prevention use case for behavioral biometrics

Seth Ruden from BioCatch and Joey Zollinger from Alkami join us on the BAI Banking Strategies podcast to discuss a growing area of biometrics that focuses on customers’ digital behaviors.

By |2022-11-30T10:09:12-06:00November 29th, 2022|Comments Off on The fraud prevention use case for behavioral biometrics

A more strategic approach to combating fraud

Banking institutions must beef up the main areas of their operations, including data availability, technology resources and fraud talent.

By |2022-11-30T14:16:06-06:00November 21st, 2022|Comments Off on A more strategic approach to combating fraud

Synthetic identity fraud heats up

Countering this complex challenge involves smart technologies and solutions capable of adapting and advancing as new fraud threats emerge.

By |2022-11-22T12:15:16-06:00November 16th, 2022|Comments Off on Synthetic identity fraud heats up

Minimizing fraud losses: The three-pronged digital approach of device proofing

Join us for this complimentary webinar to learn how forward-thinking organizations are leveraging a mixture of historical device data, device-to-identity linkages, and user behavior patterns to identify legitimate consumers and provide them the straightforward digital experience Read More

By |2022-11-02T13:00:39-05:00November 2nd, 2022|Comments Off on Minimizing fraud losses: The three-pronged digital approach of device proofing

Quick Q&A on First-Party Fraud

With fraud continuing to rise, including first-party fraud, financial services leaders need to understand the latest trends and prevention strategies. Crystal Blythe, vice president of customer success and fraud prevention at IDology, is an expert in Read More

By |2022-11-29T16:05:31-06:00October 25th, 2022|Comments Off on Quick Q&A on First-Party Fraud

Why fraud fighters should team up for success

Collaboration allows investigators to combine resources to create a more sophisticated prevention model that mirrors what the bad actors are doing.

By |2022-11-22T12:17:31-06:00October 24th, 2022|Comments Off on Why fraud fighters should team up for success

Busting myths and combatting fraud in the digital world

Join us for this complimentary webinar to hear Parul Sharma from LexisNexis Risk Solutions expose common myths about fraud in the digital world and reveal the truths behind them to create a better and more integrated Read More

By |2022-09-27T16:00:31-05:00September 27th, 2022|Comments Off on Busting myths and combatting fraud in the digital world

Secure and compliant real-time payments

Real-time, digital payments have never been more pertinent for financial institutions. Unfortunately, criminals have exploited the instant nature of real-time payments.

By |2022-11-02T16:35:18-05:00September 21st, 2022|Comments Off on Secure and compliant real-time payments

Solving SIM swap fraud and poor UX

Dewald Nolte, Chief Strategy Officer at Entersekt, explores how banks can solve SIM-swap fraud while also improving the user experience of their customers’ authentication journeys. He shares the impressive results seen by an issuer that implemented a state-of-the-art solution.

By |2022-09-21T16:14:40-05:00September 20th, 2022|Comments Off on Solving SIM swap fraud and poor UX

Data’s expanding role in protecting against fraud

Greg Kanevski from ServiceNow shares insights on how banks and credit unions can put data to better use to push back on fraudsters and save big money in the process.

By |2022-11-29T12:47:02-06:00September 20th, 2022|Comments Off on Data’s expanding role in protecting against fraud

The fraud prevention balancing act protection vs friction

With new forms of financial fraud on the rise, financial services leaders have the challenging task of protecting their customers – and organizations – and still delivering a strong customer experience that minimizes friction. Hear the latest BAI research on what types of fraud are on the rise and what today’s leaders are doing to combat it effectively.

By |2022-12-22T09:55:39-06:00September 19th, 2022|Comments Off on The fraud prevention balancing act protection vs friction

How banks can curb the threat of fake identities with real solutions

Explore major fraud trends and gain actionable insight into how financial institutions can deter fraud by successfully implementing an innovative, multi-layered, consumer-centric, flexible identity verification strategy.

By |2023-01-05T09:23:12-06:00September 19th, 2022|Comments Off on How banks can curb the threat of fake identities with real solutions

Social engineering scams: Like the worst blind date

John Paul Blaho, Senior Director of Product Marketing at BioCatch, walks through an intricate and sophisticated scam process and shares insights on how genuine user behaviors change in scenarios where trust is built. He also shows where behavioral biometrics can help protect financial institutions and their customers from these types of scams, even when genuine users are participating in the fraud transaction.

By |2022-09-22T10:06:04-05:00September 19th, 2022|Comments Off on Social engineering scams: Like the worst blind date

Quick Q&A on Real-Time Payments Fraud

BAI talks with Saberi Chattopadhyay and Alak Das from NICE Actimize about the rise in real-time payments fraud on money-transfer platforms like Zelle and Venmo, and the steps financial institutions can take to prevent their customers Read More

By |2022-11-22T12:13:54-06:00August 29th, 2022|Comments Off on Quick Q&A on Real-Time Payments Fraud

Lessons from the largest fraud in a generation

A key takeaway from many billions of dollars in PPP losses is that tech-based solutions may be increasingly necessary as lending scams grow more complex.

By |2022-11-22T12:12:38-06:00August 22nd, 2022|Comments Off on Lessons from the largest fraud in a generation