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)
Do You Practice Safe Checks? It should come as easily as airline safety, so buckle up for this one. Despite the fact that check use has declined by 25%, reports of check fraud have soared. In fact, they’ve nearly doubled since 2021. Criminals are becoming more sophisticated and finding new ways to steal your financial […]
Learn More About Practice Safe ChecksProtect 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 & FraudHabitat for Humanity of Horry County has been awarded $200,000 in Affordable Housing Program (AHP) funds from the Federal Home Loan Bank of Atlanta (FHLBank Atlanta), in partnership with South Atlantic Bank as the member bank. This funding will support Habitat’s mission to provide safe, affordable housing solutions for families in Horry County. The AHP […]
Learn More About Habitat for Humanity of Horry County Partners with South Atlantic BankEach year older Americans lose approximately $2.9 billion to fraud, but it is suspected that number is drastically underestimated because only one in 44 seniors report financial abuse. The following tips are helpful for seniors and their financial caregivers to proactively protect themselves and their loved ones from fraud. For more financial caregiver resources, visit […]
Learn More About Safe Banking for SeniorsWe're here to help you. Visit our Help Center to find important information and frequently asked questions.
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