2018 and Counterfeit Check

Why Banks’ Immune Systems Need Both AI And Human Boosts

PYMNTS

JANUARY 31, 2019

In the UAE, for instance, a group of banks recently banded together to crack down on acts of check-related fraud. The 52-member UAE Banks Federation recently unveiled new approaches to address check fraud activities, such as counterfeit checks, including enhanced encryption technology and unique QR codes on newly issued checks.

AI Counterfeit Check Checks Encryption

Business Email Scams Spin Even Wider Webs

PYMNTS

JULY 25, 2018

The 2018 report, sponsored by JPMorgan , finds fraudsters are spinning their BEC webs even broader, targeting new channels of business transactions. The problem is getting worse, according to the Association for Financial Professionals’ (AFP) latest Payments Fraud and Control Survey Report.

Scams

Scams Business Email Compromise AFP Wire Transfer

‘Scattered Canary’ BEC Scams Aim At US Firms

PYMNTS

JUNE 10, 2019

The group’s genesis traces to West Africa in 2008, where Craigslist was used as a conduit to send counterfeit checks. The FBI reported that BEC scam losses roughly doubled in 2018, as measured year over year, to $1.2 companies and government agencies.

Business Email Compromise

Business Email Compromise Scams Romance Scams Counterfeit Check

Payments Space

Why Banks’ Immune Systems Need Both AI And Human Boosts

Business Email Scams Spin Even Wider Webs

‘Scattered Canary’ BEC Scams Aim At US Firms

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