Why banks must adopt holistic fraud prevention

What is one of the best defences against fraud? Being aware of the latest trends and statistics, to better inform your fraud prevention strategy. And that’s exactly what we want to help you do ⬇️ In our Q2 2025 Fraud Index Report, we cover: ▪️ The number of fraud applications ▪️ A breakdown of common fraud rates and types ▪️ A summary of the past year, with suspected and confirmed fraud figures Don’t miss out. Get the insights you need to strengthen your business in the fight against fraud: https://lnkd.in/eSkhwdcG #Fraud #FinCrime #FraudPrevention

While you should leave ghost busting to the professionals, preventing fraud is something you can and should take action on and John Marshall Bank has plenty of tips to help you. Never give out your personal information to someone you don’t know, trust, and can’t verify, stay informed on current fraud trends, trust your gut, and much more. Scammers may not be made of slime or marshmallows, but with our tips you’ll be able to confidently say “I ain’t afraid of no scam.” Follow us at John Marshall Bank and visit the comments for all our scam busting fraud prevention tips. #localbusiness  #businessbanking #smallbusinessbanking #johnmarshallbank #communitybanking  #cybersecurtymonth2025 #fraud #fraudprevention #ghostbusters

Fraud is a deceptive practice designed to gain an unfair or unlawful advantage, often harming others in the process. It encompasses various activities, including identity theft, credit card scams, Ponzi schemes, and insider trading. Each fraudulent act erodes trust in financial, governmental, and personal systems. For individuals, the impact can be severe, leading to financial loss, damaged credit, and emotional distress. To guard against fraud, it's essential to stay informed and vigilant—monitor your financial accounts regularly, protect personal information, and be cautious of unsolicited requests for sensitive data. Organisations like the Association of Certified Fraud Examiners (ACFE) provide valuable resources and tools to help both individuals and businesses detect and prevent fraud. #FraudAwareness #StayVigilant #ACFE

FCA: COMBATING ROMANCE FRAUD – PREVENTION, DETECTION AND SUPPORTING VICTIMS On 17 October, the FCA in the UK published this review of 6 firms and how they detect and prevent romance fraud, and support victims. https://lnkd.in/eMMBxxxV

CCI Update: Fraudsters Using Fake IDs to Target HELOC Accounts Banks across Western and Southeast Nebraska are seeing a rise in fraud attempts involving fake identification used to withdraw funds from HELOC accounts. While this is not a new scam, its resurgence is a reminder to follow verification procedures closely, always complete callbacks using the number already on file, not the one provided during the request. Now is also a good time to consider customer-specific passcodes for added protection. A simple, pre-established code can help confirm legitimacy before funds are moved. As scammers get more sophisticated, vigilance and strong internal controls remain our best defense. If you have questions or need support, please contact us at inquiries@completecompli.com. #FinancialSecurity #CCI #BankFraud #HELOC #RiskManagement #CommunityBanks

When it comes to identity theft, prevention is key. Compromised financial information can have devastating consequences. A credit freeze locks down your credit report, making it virtually impossible for fraudsters to open new accounts or obtain credit in your name. Visit to learn more and start safeguarding your personal information today.

The 2025 AFP Payments Fraud and Control Survey found that 63% of fraud incidents involved checks. Protect your business with fraud protection tools like Positive Pay and daily account monitoring. Learn more: https://lnkd.in/gxS-N-VN

🫷 𝗦𝘁𝗼𝗽𝗽𝗶𝗻𝗴 𝗥𝗼𝗺𝗮𝗻𝗰𝗲 𝗦𝗰𝗮𝗺𝘀 𝗕𝗲𝗳𝗼𝗿𝗲 𝗧𝗵𝗲𝘆 𝗦𝘁𝗿𝗶𝗸𝗲 𝗔𝗴𝗮𝗶𝗻 🛑 The Financial Conduct Authority (FCA) has released a multi-firm review on romance fraud, urging financial institutions to do more to protect victims from repeat abuse. With over £106 million stolen and a 9% rise in reported cases, the emotional and financial toll is staggering. Early intervention and ongoing support are critical for victims of this callous crime. 🛡️ In the report, the FCA highlights the importance of fraud prevention products and services like Cifas’ APP Victim Check, which helps firms identify vulnerable individuals and prevent further exploitation. You can find out more about APP Victim Check here: https://lnkd.in/gvqZMjWG At Cifas, we’re committed to working with industry partners to share data, intelligence and learning across sectors, to break the cycle of fraud and ensure victims aren’t targeted again. 📘 Read the full FCA review: https://lnkd.in/etZ4UGaA #RomanceFraud #Fraud #FraudAwareness #FraudPrevention #FraudProtection #FraudAlert #FraudEmergency #RomanceFraudSurvivors

🔷 Since 2019/20, the volume of fraud cases has risen by 98.9%, while the average case value has decreased. This highlights a changing picture in the nature and scale of fraud being reported - and the ongoing pressures facing Counter Fraud teams managing growing caseloads with limited resources. 🔍 Just some of the essential reading in our NAFN Local Authority Counter Fraud National Report 2025 → https://lnkd.in/e4RRnDUt #counterfraud #localauthority #NAFN #NAFNLocalAuthorityCounterFraudNationalReport2025 #antifraud #fraud #network

📰 TransUnion's H2 2025 Global Fraud Trends Report is now out! We bring together trends, benchmarks, and identity and fraud expertise from across our global network. 📈 UK Trends within the report reveal: - UK businesses surveyed lost an average of 7.4% of their annual revenue to fraud in the past year, totalling an estimated £88 billion - Top UK fraud types: Scam/authorised fraud (23%), synthetic identity (23%), and account takeover (20%) Download the report here: https://lnkd.in/egyy-aJb