BANK CUSTOMERS START TO BE ENLISTED IN FIGHT AGAINST FRAUD
November 2nd, 2013
CORPORATE and personal banking customers may well feel more than a tad uneasy if their bank suddenly asks them to scan accounts for evidence of fraud but it is happening more and more in America and appears to be paying off. Two aspects of the fight against fraud are behind this approach: the fact that bank customers are often the first to pick up on unusual transactions, and the need for speed. “When a bank is being attacked, the detection of frauds must be quick and pro-active,” said Bill Trueman, CEO of the fraud and risk strategy consultants, UKFraud. ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.