New ways of fighting wire fraud.
One California credit union found a way to successfully walk the fine line between member experience and security challenges, specifically growing wire fraud threats, through a mobile-video banking platform.
One of the fastest growing global cybercrimes, wire transfer fraud, is a multi-billion-dollar problem affecting all types of personal or business transactions. In July, the FBI's Internet Crime Complaint Center, warned business email compromise, a sophisticated scam targeting both businesses and individuals performing wire transfer payments, continues to grow and evolve.
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Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
