Links in “Financial Crime”
- Fraudsters Posing as “Forgetful” Callers to Call Centers
Hot new identity thievery: callers to bank customer service centers who give just enough information to authenticate themselves, then start asking for information they have "forgotten" and keep dialing the call center until they have enough information to open a new account somewhere else. [7/16]
- Second Time’s the Charm: Are You Aware of the Remote Deposit Capture Risk?
A risk that is unique to the remote deposit capture service (RDC): individuals can deposit items twice, first through the RDC route, then a second time over the counter. [6/17]
- Heat Turning up on Banks That Turn Blind Eye to Fraudulent Withdrawals
Banks suspected of FIRREA violations in which they profit handsomely by collecting fees while turning a blind eye toward warnings of potential fraud and, in some instances, enabling dubious merchants to prey on consumers. [6/14]
- Fall Out Begins from $6B Money Laundering Case
Proposed rule, impacting about 5,000 banks, seeks to cut off Liberty Reserve from the U.S. banking system. [5/29]
- 5 Schemes Cyber Criminals Use to Complete Fraudulent Wire Transfers
Principles for detecting wire transfer fraud when no two attacks are the same. [5/21]
- What the $45 Million ATM Heist Means for Financial Institutions
Even sophisticated thieves seek to exploit the well-known vulnerabilities in combination with higher-end attacks. [5/17]
- Identity Thieves Prime Target: Older Americans
FTC reports 19% of identity theft reports come from consumers over 60. [5/17]
