Eye on Fraud | July 2024
Accounts Often Frozen for Weeks on Fraud False Positives, Says CFPB
When banks freeze accounts for suspicious activity, it can be difficult for consumers to regain access to their funds.
Banking Fraud in 2024: How We Expect the Landscape to Change
According to BAI, phishing and check fraud remain the most common types of third-party fraud reported by customers.?
ABA, Associations: Banks Cannot Fight Financial Scams on Their Own
Banks are only one contributor to the safety and security of payments ecosystem, says industry group.
Americans Being Hit By 'Tsunami of Fraud', Says Former FBI Agent
In the era of digital convenience, America faces an unprecedented surge in fraud, with potential losses reaching a staggering $137 billion annually.
That's all for this edition. We'll be back with more insights next month.