Tag: Bank fraud

How Can Banks Combat Online Payment Fraud in 2024?

In our earlier blog, in recognition of International Fraud Awareness Week, we drew attention to the evolving payment fraud landscape facing banks.  As fraudsters become more sophisticated, financial institutions must adopt advanced security measures to protect their customers and assets. This blog delves into four innovative solutions that are making significant strides in combating banking […]

Power to the bank customer

The Credit Union National Association recently reported that, in the month of October alone, more than 650,000 customers joined credit unions – which is roughly equal to all of the customers that moved in 2010 combined. Is this the return of the thrift bank?

It’s good to talk: communication is key to tackling cybercrime

Recently, @briankrebs highlighted a Trojan attack which showed quite how sophisticated some cyber attacks are now becoming. The case in question is being investigated by German police, and involves a new piece of malware which convinces online banking customers to willingly transfer their own money into the accounts of criminals. This particular case shows that, sometimes, even a layered […]