In response to SVB’s shutdown, many businesses are now opening new bank accounts and moving their money into them. As a result, you should expect to see a spike in new business account applications. Here's how to ensure your business onboarding processes are set up to detect and prevent new business account fraud.
Alloy CTO, Charles Hearn, uses his own knowledge-based authentication (KBA) questions to prove why they are an not effective approach to identity verification.
The most common type of fraud is one you might not have heard of yet. Here’s how to identify and combat ambient fraud.
Alloy CEO Tommy Nicholas reacts to new State of Fraud Benchmark Report.
Many executives write off fraud as just another cost of operating their financial institution (FI). Fraud is, beyond a doubt, a “cost” all FIs must factor into revenue projections, but is it an inevitable cost that a financial services business must accept and account for—similar to office leases or employee salaries? Or is it something that financial services can actually strive to minimize—and even eliminate?
In this eBook, we explore how using multiple data source providers in your identity verification process can not only help you mitigate fraud risks, but also bring on more good customers.
Fraud Startups — the technologically savvy, well-funded, nimble, growth-oriented, and organized network of fraudsters — today announced they raised nearly $100B in a new funding round led by pandemic relief fraud. What are FIs doing about this?
Third-party fraud poses a threat to banks and fintech companies. Not only are there multiple ways for fraudsters to get around your defenses—their methods are constantly evolving. Read on to learn how to stop this dangerous type of fraud.
Synthetic identity fraud is a growing problem. Fraudsters go to extreme lengths to craft identities—complete with social security numbers, names, addresses, and even loyalty program memberships—which they then use to carry out complex (and often costly) fraud schemes. In this post, we dive into the how, the why, and the what you can do about it.
Subscribe to our blog for the latest posts, resources, and events for all things banking and fintech.
We asked Yigit Yildirim, Socure’s Vice President and Head of Fraud & Risk, to offer his perspective on the modern identity fraud stack, paths to optimize fraud efficacy, and consider how forward-thinking fraud teams should prepare for changing economic conditions.
Referral marketing can be a great approach to acquiring new customers. It can also open you up to referral fraud scams. We take a deep dive into referral fraud and share some tactics to prevent it.
NFTs are a misunderstood innovation. While they may seem like a speculative asset class, many more potential use cases exist. But fraud is unfortunately rampant, and it's important to understand what will drive positive (or increasingly risky) developments in this space.
The latest guest in our fraud Q&A series exploring fraud trends in the financial services space is Christina Luttrell, CEO at GBG Americas. Christina explains why IDology is concerned about Card-Not-Present fraud and what they are doing to protect financial institutions from it.
An Alloy Client Success Manager takes you through his first-hand experience helping one of our clients work through a fraud attack.
Your guide to using multiple data sources for identity verification
Discover which path forward is right for your organization's identity decisioning process