Timely Topics:
ATM Security | American Bankers Association
ATMs remain a prime target for criminals. Whether the criminals attempt to breach the machine through physical means or through malware infections, banks must remain knowledgeable about the evolving threats in their region.
From “aba.com”
This Remote-Created Check Fraud Cover-Up Was A Scam
Check fraud losses are sky-high for banks this year as emboldened thieves have raided mailboxes pilfering checks and then selling them online.
But, there is another method that is driving up check fraud too, and not many people know about it. It’s called- remotely created check fraud.
It’s not something that is highly publicized. That is until now anyway.
From “Frank on Fraud” (12/22/2023)
Attack of the Clones: Feds Seek Voice-Faking Defenses
Do you have what it takes to build defenses that can easily and reliably spot voice cloning that is generated using artificial intelligence tools? If so, the U.S. Federal Trade Commission wants to hear from you.
The agency last November announced a Voice Cloning Challenge designed “to encourage the development of multidisciplinary approaches – from products to policies and procedures – aimed at protecting consumers from AI-enabled voice-cloning harms, such as fraud and the broader misuse of biometric data and creative content.”
From “bankinfosecurity.com” Matthew J. Schwartz (1/5/2024)
Is it paying bills on time, robust savings, retirement fund, affording a new car? Whatever financial health means to you, it starts with getting your finances in order. It’s easy to think that keeping track of your account balances is all you need to do to stay on top of your finances. But that is […]
Learn More About What Does Financial Health Mean to You?Homeownership is the American Dream. It’s a significant step towards building wealth, but people across the country are struggling to purchase a home because of limited homes for sale, prices are high, and the Fed is raising interest rates. However, homeownership is not a lost dream – it’s a long-term investment. Here’s how you can […]
Learn More About 5 Tips for Home BuyersProtect Yourself from Scammers According to a recent alert to banks from the Financial Crimes Enforcement Network, part of the Treasury Department, criminals have been increasingly targeting the U.S. Mail and United States Postal Service mail carriers since the COVID-19 pandemic to commit check fraud. Criminals typically steal personal checks, business checks, tax refund checks, […]
Learn More About Check Theft & FraudTimely Topics: FCC Fines Major U.S. Wireless Carriers for Selling Customer Location Data The U.S. Federal Communications Commission (FCC) today levied fines totaling nearly $200 million against the four major carriers — including AT&T, Sprint, T-Mobile, and Verizon — for illegally sharing access to customers’ location information without consent. From “krebsonsecurity.com” (4/29/24) Addressing the Deep […]
Learn More About IT Regulatory Compliance SecurityTimely Topics: Beware of new Consumer Financial Protection imposter scams We can’t say it enough – the CFPB will NEVER contact you and ask you for sensitive information or to pay money. This includes never asking you to pay an upfront fee or taxes, or telling you that you’ve won a lottery, sweepstakes, or class-action lawsuit. […]
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