David Mitchell’s Post

What are the most common types of scams, and what can you do to prevent them? 🔒 From Authorised Push Payment Fraud (#APP) to Invoice Scams, fraudsters use a variety of tactics to steal your money – or that of your customers.  At Clear Junction, we work tirelessly behind the scenes to secure the payment environment for our clients and, by extension, their customers through our significant investments in technologies, processes and in our people.  To help you better understand #fraud and how it impacts you and your customers, we’ve put together a detailed overview of how scammers may trick you, how you can outsmart them and what to do if you have been a victim of fraud ⬇️ #APPfraud #Cybersecurity #Regulation #FinancialServices #Fintech #Remittances 

As digital transactions become increasingly central to our daily lives, the risk of fraud through app-based scams has never been higher. HSBC’s recent call for tech firms to step up and share the responsibility for refunding victims of fraud is a significant step in the right direction. It’s crucial that we recognize the shared responsibility in protecting consumers from these sophisticated scams. Financial institutions, tech companies, and regulators must work together to create a safer digital environment. At the heart of this issue is the need for innovation in fraud detection and prevention, as well as a commitment to swift and fair compensation for victims. As we continue to advance in the digital age, collaboration across sectors will be key to staying ahead of increasingly sophisticated threats. Together, we can build a more secure and trustworthy digital ecosystem. #FraudPrevention #CyberSecurity #DigitalBanking #Innovation #ConsumerProtec https://lnkd.in/e7hBSess

With the ever-present risk of banking fraud and phishing scams targeting institutions' assets, we spoke with UMB Bank to explain the types of fraud insurers and risk pools should be aware of, as well as the best ways to safeguard their assets.

As banks bolster their defenses, a troubling trend has emerged – scammers are turning their attention toward customers, exploiting them as the weakest link. In this Financial Times article, ACI’s Cleber Martins discusses payment scams and explores an important question: Should banks be held responsible for reimbursing them if a customer genuinely believes they’re making a legitimate transaction? Let us know what you think in the comments. 🗨️👇 https://aciw.co/4iIeama #FinancialFraud #SocialEngineering #CyberSecurity #ConsumerAwareness #Banking #FraudPrevention

The latest data shows that 53% of organizations are seeing a higher volume of fraud attempts, and nearly half of financial institutions have experienced fraud-related losses exceeding 10% of their revenue. As the sophistication of fraudsters grows, the need for more robust security solutions becomes ever more critical. What if you could stop fraud before it happens with a simpler, more effective authentication process? 🛑 At IDgo, we help financial institutions reduce the risk of account takeover, simplify the authentication process for members, and protect against evolving fraud threats. Our solution focuses on providing a frictionless experience for members, while ensuring their security. #FraudPrevention #Authentication #Fintech #CreditUnions

As banks bolster their defenses, a troubling trend has emerged – scammers are turning their attention toward customers, exploiting them as the weakest link. In this Financial Times article, ACI’s Cleber Martins discusses payment scams and explores an important question: Should banks be held responsible for reimbursing them if a customer genuinely believes they’re making a legitimate transaction? Let us know what you think in the comments. 🗨️👇 https://aciw.co/400l4eU #FinancialFraud #SocialEngineering #CyberSecurity #ConsumerAwareness #Banking #FraudPrevention

As banks bolster their defenses, a troubling trend has emerged – scammers are turning their attention toward customers, exploiting them as the weakest link. In this Financial Times article, ACI’s Cleber Martins discusses payment scams and explores an important question: Should banks be held responsible for reimbursing them if a customer genuinely believes they’re making a legitimate transaction? Let us know what you think in the comments. 🗨️👇 https://aciw.co/3Bz4yZY #FinancialFraud #SocialEngineering #CyberSecurity #ConsumerAwareness #Banking #FraudPrevention

As banks bolster their defenses, a troubling trend has emerged – scammers are turning their attention toward customers, exploiting them as the weakest link. In this Financial Times article, ACI’s Cleber Martins discusses payment scams and explores an important question: Should banks be held responsible for reimbursing them if a customer genuinely believes they’re making a legitimate transaction? Let us know what you think in the comments. 🗨️👇 https://aciw.co/3ZYsm34 #FinancialFraud #SocialEngineering #CyberSecurity #ConsumerAwareness #Banking #FraudPrevention

As banks bolster their defenses, a troubling trend has emerged – scammers are turning their attention toward customers, exploiting them as the weakest link. In this Financial Times article, ACI’s Cleber Martins discusses payment scams and explores an important question: Should banks be held responsible for reimbursing them if a customer genuinely believes they’re making a legitimate transaction? Let us know what you think in the comments. 🗨️👇 https://aciw.co/3ZVAgtM #FinancialFraud #SocialEngineering #CyberSecurity #ConsumerAwareness #Banking #FraudPrevention

As banks bolster their defenses, a troubling trend has emerged – scammers are turning their attention toward customers, exploiting them as the weakest link. In this Financial Times article, ACI’s Cleber Martins discusses payment scams and explores an important question: Should banks be held responsible for reimbursing them if a customer genuinely believes they’re making a legitimate transaction? Let us know what you think in the comments. 🗨️👇 https://aciw.co/3ZHqgD6 #FinancialFraud #SocialEngineering #CyberSecurity #ConsumerAwareness #Banking #FraudPrevention