The FBI recently provided some helpful guidance for holiday shopping safety, and with the holidays just around the corner, it’s the perfect time to review how to stay secure. The holiday season is a good time to remind your customers to follow security recommendations and protect themselves from threats like phishing, scams, and identity theft.
A lot is riding on your onboarding process. Make it too easy, and fraudsters ring you up. Too challenging, and your customers seek other companies with fewer requirements. In the financial industry, regulations are a part of doing business, and most are designed to protect both consumers and businesses. But they can also impact a
As the digital landscape evolves, so do the regulations designed to protect individuals, businesses, and governments around the globe. One such evolution has taken place surrounding money laundering, whose impact has grown exponentially with new digital financial transaction options. In this article, we look into money laundering, the anti-money laundering (AML) regulations put into place
On-demand services are transforming the way we live, giving us more control over how, when, and where we buy, sell, and trade the services and products that make up our lives. Consumers went from using an app to get a ride somewhere, to ordering food and paying for it on their smartphone. The convenience of
You may have seen news about the recent Facebook Messenger hacks or seen the repeated ‘My account has been hacked’ message on your Facebook feed. You may have also seen the suggested solution is to use multi-factor authentication (MFA) also known as two-factor authentication (2FA) for increased protection against the scams hitting FB Messenger. Though
New technology can be exciting. For early adopters and risk takers looking for bigger payoffs, the latest shiny object is often hard to resist, especially if it promises more benefits and a better experience than the status quo. Banks are historically slow to innovate, seeking instead to stay the course and project the image of
When’s the last time you went to your bank? Chances are, it’s been a while since you filled out a slip while waiting for the next available teller. Today, almost all financial transactions can take place digitally—anywhere, any time—and in the palm of our hands. Financial institutions, both new and old, compete for business and
Despite the negative health and economic effects of COVID around the world, it initiated changes in how we live and workÑboth out of necessity and in hopes that we could come out of the pandemic stronger when the world opened again. Fraudsters used the health crisis to fine tune their malicious tactics to exploit businesses
If you’re a problem-solver, one who longs to find the answer to an unsolved mystery, you understand that the solution lies in its origin. Trace the issue back to its source to find the missing piece that completes the puzzle. Fraud, though not always a mystery, is similar: Have a problem with fake users or
A one-size-fits-all approach works great for stretchy sweatpants and sweatshirts. Simple and cost-effective, especially if your size fluctuates around the holidays. But when it comes to customer onboarding, a one-size-fits-all approach that seems simple and cost-effective can open the door to fraud and risk, which leads to financial and reputational losses. This article examines the
As adults who’ve grown accustomed to a mostly digital world, we’re now comfortable sharing seemingly innocuousÑand in some cases endlessÑdetails about our lives online. A photo of our remodeled deck, the place where we had our last family outing, or our take on the latest Hollywood blockbuster or political scandal are posted for the world
Onboarding new customers is your first chance to say hello while making a great first impression. But if your process isn’t welcoming, frictionless, and secure, it can end in a quick goodbye. Today, people expect a secure, simple onboarding experience. At the same time, product managers and sales teams are incentivized to board as many
