As we begin to wrap up the first quarter of 2014, we have a
\nfeeling this year is only going to fly by faster than last. So, have you been
\ndoing your due diligence to keep fraudsters out of your system and away from
\nyour customers? Significant fraud attempts against deposit accounts, and banks
\nof all sizes are potential targets. Even if your bank has not experienced any
\nfraud, you need to stay informed of the latest trends and implement strategies
\nagainst them because you could be the next target.<\/p>\n
<\/strong><\/p>\n The most damaging forms of fraud are debit card and check
It is crucial that banks stay up to date with threat trends
One of the biggest challenges in fraud prevention is the
[Contributed by EVS Marketing]<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" As we begin to wrap up the first quarter of 2014, we have a feeling this year is only going to fly by faster than last. So, have you been doing your due diligence to keep fraudsters out of your<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-4543","post","type-post","status-publish","format-standard","hentry","category-fraud-prevention"],"acf":[],"_links":{"self":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4543","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/comments?post=4543"}],"version-history":[{"count":0,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4543\/revisions"}],"wp:attachment":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media?parent=4543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/categories?post=4543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/tags?post=4543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Improve fraud
\ndetection and prevention efforts in 2014<\/strong><\/h2>\n
\nfraud. Cross-channel fraud and blended threats are growing concerns for financial
\ninstitutions<\/a>. If banks dont understand how that threat is changing over
\ntime and becoming potentially more sophisticated then theyre unable to protect
\ncustomers. And if customers arent protected you lose their trust.<\/p>\n
\nand look at how they can improve mobile banking security within their fraud
\ndetection and prevention efforts. Customers play an important role in terms of
\nfraud prevention. The environment cannot be fully protected without the
\ncustomer understanding their role and taking it seriously. Take the time to
\neducate your customers about fraud prevention and how your organization is
\nworking to protect them. There needs to be a balance between control and
\ncustomer experience. Its important to maintain that level of high security
\nwithout comprising user experience or allowing room for fraudsters to get in.<\/p>\n
\nvelocity of change in this environment. From the technologies being used to
\ndevices, there are many ways fraudsters are getting into systems and
\ncompromising a multitude of information. Stay proactive, informed and be an
\neducator to your customers. Reinforce your fraud prevention
\nsolution<\/a> and implement specific features like, consumer data-match
\nprofiling, high-risk alerts and drivers license verification, to protect more
\nthan just your customers basic information. <\/p>\n<\/p>\n