Fraud Knowledge & training What is business email compromise (BEC) fraud? Business email compromise (BEC) scams are one of the top four major cybercrime threats to US networks, targeting a range of entities from small local businesses to large corporations, and personal transactions. Security vendor Abnormal Security’s H1 2023 threat analysis… 6 minute read
Fraud Knowledge & training What is title fraud and how to prevent it Real estate fraud can take on a variety of forms, targeting different parts of the property buying or rental process. Title fraud is considered relatively rare compared to other property scams – such as mortgage fraud or business email compromise… 5 minute read
Fraud Knowledge & training What is mortgage fraud and how to detect it Real estate is a highly lucrative target for fraudsters, with numerous transactions occurring worldwide on a daily basis. In 2022, US victims of real estate fraud suffered losses of almost $400 million, according to data from the FBI’s Internet Crime… 7 minute read
Fraud Reports The Role of Technology and Talent in Payment Fraud Detection If there’s one area of financial crime that best encapsulates the problem today’s compliance leaders face, it’s payment fraud. Volumes are rising - the value of payment fraud is set to soar to more than $40 billion by 2027. 1 minute read
Fraud Knowledge & training How to choose the best fraud detection software (7 steps) With fraud on the rise, associated losses are estimated to reach over $41 billion by 2027, representing a 25 percent increase since 2020. Our 2023 tech and talent survey echoed this trend, with 62 percent of respondents saying they had… 6 minute read
Fraud Events & webinars How to Create a “Butterfly Effect” to Mitigate and Prevent Fraud Webinar Javelin shares insights on the latest identity fraud trends from their recent research study and discusses what financial institutions can do to combat and prevent fraud. 1 minute read
Financial crime Knowledge & training What is fraud prevention, and why is it important? Firms typically focus on improving their fraud prevention and detection measures to mitigate risk and reduce financial losses. But what is fraud prevention, and how does it differ from fraud detection? Are the two functions completely separate? Most importantly, what… 9 minute read
Fraud Knowledge & training Fraud risk management guide: Identify, assess & mitigate risks Due to economic pressures, businesses have undergone both external and internal changes that can make them susceptible to exploitation. The numbers are evidence of this, as the total amount of global e-commerce fraud losses for 2022 reached a staggering $41… 5 minute read
Fraud Knowledge & training Fraud detection: 12 common red flags Over 50 percent of companies disclosed they were victims of fraud between 2020 and 2022, according to PwC’s Global Economic Crime and Fraud Survey 2022. This is the highest percentage of fraud seen in the last two decades of research… 6 minute read
Fraud Knowledge & training What is fraud detection, and why is it important? During seasons of economic volatility, businesses have historically faced numerous enhanced risks to their operations, such as supply chain disruption, staff retention, and cyber threats. In 2023, this has led to an increase in fraudulent activities as fraudsters use advanced… 7 minute read
Fraud Knowledge & training What is authorized push payment (APP) fraud? According to payment systems company ACI Worldwide, 20 percent of global consumers surveyed in 2022 reported losing money to fraudsters within the past four years. Of those surveyed, 27 percent reported being victims of authorized push payment (APP) scams. In… 6 minute read
Fraud Events & webinars Detect, Deter & Defend: The Importance of AI for Effective Fraud Detection Explore the tangible benefits of AI-driven fraud detection, from improving operational efficiency and reducing false positives to mitigating risk. 1 minute read
