Account Takeover (ATO) is a type of cybercrime where criminals gain unauthorized access and control of an individual's or business's online accounts, typically with the intention of stealing funds or personal information. ATO fraud can affect various online accounts, including financial services, e-commerce, social media, and email accounts, leading to financial losses, identity theft, and reputational damage.

Money, data, and digital chaos! Why are financial institutions ransomware's favorite target, and how do they even begin to fight back? We're breaking down the high-stakes world of cyber extortion in finance.

Join us as we explore the dynamic world of instant payments and the growing threat of fraud. We'll delve into how the speed and convenience of real-time transactions create new opportunities for bad actors, from sophisticated AI-powered scams to intricate social engineering schemes. Discover the cutting-edge strategies financial institutions and consumers can employ to stay ahead of fraudsters, balancing seamless payments with robust security measures.

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Stablecoins are shaking up the financial world, but what do you really need to know? Join us as we cut through the hype to explore the immense opportunities they present, the inherent risks that demand your attention, and the evolving landscape of regulations shaping their future. Whether you're an investor, innovator, or just curious, this is your definitive guide to understanding digital money.

What is the primary distinction between Know Your Customer (KYC) and Know Your Business (KYB)?

What is the purpose of Customer Due Diligence (CDD) in the context of KYC and KYB?, we tryn to unpack these questions and more in this short but very important episode of Fight Fraud.

Today, we're diving into the dynamic world of FinTech and the regulations shaping its future in the US. As FinTech evolves rapidly with advancements in AI and new digital payment systems, navigating the complex regulatory landscape is crucial. We'll explore how agencies like the CFPB are focusing on consumer protection, digital payment privacy, and financial data security, especially as financial institutions increasingly monetize consumer data. We'll also discuss the critical importance of AML compliance, including filing Suspicious Activity Reports and maintaining detailed records, and the challenges posed by third-party risks. Learn about efforts by regulators, including through regulatory sandboxes and innovation initiatives like FinCEN's Innovation Hours Program, to understand and engage with innovation while addressing concerns like regulatory uncertainty and fear

Unmasking the digital economy's costly threat: This research dives deep into online payment fraud, revealing its diverse and sophisticated types, assessing their severity, and quantifying their substantial financial impact1. Highlighting the pervasive nature of attacks from identity theft and BEC to crypto scams, it underscores the billions in losses faced by individuals and businesses globally and the critical need for constant vigilance and robust prevention strategies against these evolving threats.

ACH Payments are the backbone of US financial transactions. This podcast provides a comprehensive overview of ACH payments, explaining key concepts, processes, benefits, and challenges. Designed for professionals in accounting, treasury, and finance, the podcast offers essential insights into how ACH payments work. Whether you're new to the ACH system or looking to deepen your expertise, you'll find value in each episode.