Tag Archives: fraud prevention in financial institutions

$36.6 Million Loss: Are Money Mules at Helm of the Payment Fraud?

Crime typologies are shifting. Today, Fraudsters have a global reach and an easy access to vast data collected as a result of data breaches. This makes the problem pertaining to the security of consumers’ personal information never-ending. As we progress to 2018, fraudsters discover new ways to contaminate the space for more money providing an

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CU Prodigy Annual Meet

Witness the Real World of Innovations at CU Prodigy, 2017

In the digital space, data thefts have been exacerbating the problem for financial institutions (FIs). Anti-fraud measures require fine tuning, being core drivers in business growth. According to a study, the global card losses will exceed $35 Billion by 2020. The figure is staggering, as it leads to impaired brand reputation and lower productivity. With

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