GBG Plc’s Post

Scams and Scammers are increasing on an on-going basis and the fight against financial crime continues! Some keytakeaways are: Analyze case studies to gain insights into real-life scam scenarios that involve receiving banks Conduct a thorough examination of the vulnerabilities inherent in the receiving bank processes that scammers exploit.  How receiving banks can protect themselves from money mule accounts. #CFCS #amlcompliance #financialcrimecompliance

Inside West Bank: How We Combat Daily Fraud In this video, we uncover how West Bank tackles the growing issue of bank fraud. Join us as we share insights on how we assist customers in dealing with fraud on their accounts and what preventive measures are in place. #BankFraud #WestBank #FraudPrevention #CustomerSupport #FinancialSecurity #BankingTips #FraudAwareness #CustomerAssistance #FraudProtection #FinanceInsights

Enable Alerts from Your Bank   "Set up transaction alerts with your bank to get notified of any unusual activity instantly. Stay one step ahead of fraud. 📱🚨 #BankAlerts #FraudPrevention"

Ready to outsmart scammers? 🎬 In partnership with the American Bankers Association, SouthEast Bank is here to help you stay safe from suspicious links and unexpected attachments. Don’t let scammers spook you—learn how to spot their tricks and protect your information. Stay tuned for more tips! #BanksNeverAskThat 🔐 #SouthEastBank #ScamAwareness #StayInformed #SafeBanking

📰 Both challenger and traditional banks must do more to prevent fraud. With fraud now accounting for 36% of reported crime and costing UK customers over £1.17bn in the past year, it's clear that financial institutions face growing challenges. In her latest article in FT Adviser, our Head of Economic Crime, Laura Eshelby, explores: 💳 The increasing threat of authorised push payment (APP) fraud 💳 How banks can prepare for new regulatory scrutiny 💳 The vital role of collaboration, partnerships, and disruption in fighting financial crime 💳 Lessons for challenger banks from recent enforcement actions Read the full article to learn what more needs to be done to protect customers and uphold integrity in the face of rising fraud: https://lnkd.in/eKXxqFJq

Understanding and leveraging Positive Pay is crucial for financial institutions looking to enhance security and efficiency. Check out Kristen Bryce's latest blog to uncover the top three must-know details about Positive Pay and how they can significantly benefit banks and credit unions:🔹Fraud Prevention: Detect and prevent fraud effectively 🔹Operational Efficiency: Automate check processing and reduce errors 🔹Customer Trust: Enhance security and build confidence. Take a deeper dive into how Positive Pay can boost your institution’s approach to fraud prevention and operational efficiency. Read the full blog post here: https://bit.ly/4dyNpgI #BankingSecurity #FraudPrevention #PositivePay #FinancialInstitutions #CreditUnions #Banks #OperationalEfficiency

Find out how we helped Great Southern Bank detect AUD$500,000 in fraudulent credit applications in just three months with GBG Trust: Alert 👉 https://lnkd.in/eKWT-vuy The bank needed a robust solution to scale up fraud prevention and protect customer funds. By integrating GBG Trust: Alert, it has strengthened its defences against financial fraud and, in particular, money mules. #FraudPrevention #FightingMoneyMules #GBGTrustAlert #FinancialFraud

Banks Unite Against Scammers! Australian banks have forged a Scam-Safe Accord to shield customers from scams and disrupt fraudsters. This collaboration brings together banks across the industry, pledging an array of anti-scam measures to fortify the system. Read more about the concerted effort to protect your hard-earned money! #ScamSafe #ProtectCustomers #BankingSecurity 🏦💳 https://lnkd.in/gPsdkGTD

March is #FraudPreventionMonth! 💳Credit card fraud is the most common financial scam in Canada. 😱 And while it's impossible to totally prevent it, following these steps will help reduce your risk. ⚠️ #FPM2024 #CreditCardFraud #FinancialScam

From the Finopotamus Press Room: Eltropy Heats Up Webinar Season: Equipping Credit Unions and Community Banks with Powerful Fraud Prevention Strategies #fintech #creditunions