Articles For Tag "fraud"

  • Synthetic identity fraud is the fastest growing financial crime in the United States

    posted on Wednesday, July 28, 2021

    Where money is in motion, there are those looking to steal it. While fraud isn't new, the perpetrators' techniques are constantly evolving to take advantage of the current environment. Today's fastest growing crime, synthetic identity fraud, can be the hardest type of fraud to detect.

  • Community financial institutions play critical role in recognizing financial elder abuse fraud

    posted by Mike Burke on Wednesday, June 9, 2021

    June 15 is World Elder Abuse Awareness Day. Help spread the word about how to keep elders safe by sharing this information with your staff, accountholders and community.

  • As you take a vacation, remember that criminals don't take time off. Secure your data.

    posted by Ryan Dutton on Wednesday, May 26, 2021

    As COVID restrictions ease, many people are planning Memorial Day and other summer vacations. Guess who's not taking a vacation, but instead looking to ruin yours by scamming you out of money? Criminals!

  • SHAZAM's taking the fight to the fraudsters in 3 ways

    posted by Mike Burke on Wednesday, May 19, 2021

    Fraud is a multi-billion dollar industry in the United States. I say industry because that's what it is. The size and scale of the organizations behind fraud demand a comprehensive response. While the technologies to fight fraud continue to improve, so do the tactics fraudsters use. It's an ongoing battle — that's why at SHAZAM we've taken a more holistic, broader approach to fighting fraud.

  • Weakest link to strongest link: password to passphrase

    posted by Sam Woods on Wednesday, April 28, 2021

    Data breaches stemming from weak passwords continue to rise. SHAZAM's cybersecurity consultant recommends using a passphrase instead of a password to increase your online security. Let us help you better understand how it works.

  • SHAZAM says aloha to Lanai Federal Credit Union

    posted on Wednesday, March 24, 2021

    Lanai Federal Credit Union, Lanai City, Hawaii, has chosen SHAZAM to implement the credit union's debit card program. While this partnership is SHAZAM's first in Hawaii, it's one of many relationships built with integrity and commitment.

  • Why should you fear the big, bad dark web? Because it's a cybercrime playground.

    posted by Stephan Thomasee on Wednesday, October 14, 2020

    We've all heard the term dark web, but what is it that hides behind that shroud of mystery? Why's it synonymous with cybercrime and money laundering? Let's take a quick look at the dark web and why you should avoid it.

  • Beware of package pending spam text messages. Scammers are sneakier than ever!

    posted by Mike Burke on Wednesday, September 23, 2020

    Fraudsters are at it again with a new “package pending” text message scam that aims to steal your identity, empty your bank account or install malware on your phone. The text claims a package is waiting for you to pick up and offers a link to click for more information. Warn your cardholders not to fall for it. Let us tell you why.

  • 2-part series: If you pay, they will continue to prey. Part 2

    posted by Mike Burke on Wednesday, September 16, 2020

    Currently, there are a few popular scams targeting and bilking the elderly out of significant amounts of money. This is a two-part series on elder fraud. Part 2 today highlights timeshare resale fraud. Last week, Part 1 addressed the old and reincarnated Publishers Clearing House scam. Feel free to repurpose this information to help keep your accountholders safe. If you haven't already, subscribe to our blog for timely and insightful articles of interest.

  • 2-part series: If you pay, they will continue to prey. Part 1

    posted by Mike Burke on Wednesday, September 9, 2020

    Currently, there are a few popular scams targeting and bilking the elderly out of significant amounts of money. This is a two-part series on elder fraud. Part 1 today addresses the old and reincarnated Publishers Clearing House scam, and next week Part 2 will speak to timeshare fraud. Feel free to repurpose this information to help keep your accountholders safe. Stay tuned!