PYMNTS

JANUARY 31, 2019

In the UAE, for instance, a group of banks recently banded together to crack down on acts of check-related fraud. The 52-member UAE Banks Federation recently unveiled new approaches to address check fraud activities, such as counterfeit checks, including enhanced encryption technology and unique QR codes on newly issued checks.

AI 79

AI Counterfeit Check Checks Encryption 79

PYMNTS

JUNE 10, 2019

As reported by Threatpost , earlier this month, researchers in London identified a cybersecurity gang that has evolved markedly in scale. The group’s genesis traces to West Africa in 2008, where Craigslist was used as a conduit to send counterfeit checks.

Business Email Compromise 51

Business Email Compromise Scams Romance Scams Counterfeit Check 51

PYMNTS

JULY 25, 2018

While the continued strength of BEC scammers may not come as a surprise, the research finds that the scam no longer only reigns in targets with a request for wire transfer. More than three quarters of companies became targets of payments fraud last year, yet another all-time high.

Scams 55

Scams Business Email Compromise AFP Wire Transfer 55

PYMNTS

NOVEMBER 17, 2020

So, it might start with a counterfeit check, but it comes from social engineering from social media,” she offered as an example. Indeed, PYMNTS’ own research has found that 24.7 And on top of it all, as People’s United Bank’s Boyer noted, there’s still old fashioned fraud with which to grapple, too. “So,

Authentication 78

Authentication Online and Mobile Banking Mobile Banking Financial Crimes 78