Did you know: #GenZ uses credit cards more often than every other generation has at their age? Young adults are more financially savvy than ever before, working to improve their credit score and leveraging the benefits of credit (eg. points, miles, etc). Of course with higher credit card usage, the more opportunities for fraud. That's why better fraud protection tech like #EVC must be available to protect young adults from bad actors.
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Check fraud—tied with social engineering scams—is the number one fraud concern for US financial institutions in 2024, according to recent data from our 2024 State of Fraud Benchmark Report. 💸 Download the full report to understand what's driving the rise of check fraud, and how your organization can address it: https://lnkd.in/e2mP_W-8 #checkfraud #scams
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I love learning about banking fraud. Hear me out. Scammers are WILD. And really clever. The stuff you thought they were doing five years ago is a drop in the bucket to what they can do today. And it's not just tech-based stuff (though with AI, watch out); the trusty old blue mailbox down the corner is a crime hellscape for businesses. All that's to say financial firms need to educate readers and customers on what's going on right now. Share prevention advice, mitigation tips, and what to do if they become victims. It's good business for you and helps clients save a lot of money.
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Business Development Director, LexisNexis Risk Solutions, helping customers fight online fraud and reduce customer friction.
UK Consumer Lending: Is Fraud Threatening Your Business? The UK consumer lending sector thrives on trust, but fraudsters are constantly devising new methods to exploit vulnerabilities. From fake applications to account takeover scams, financial crime can have a devastating impact. Here's how LexisNexis® FraudPointTM UK can help: ✅ Make informed lending decisions with our risk scoring system. ✅ Combat application fraud with LexID®, our industry-leading identity linking technology. ✅ Streamline operations and reduce costs with automated fraud checks. Ready to learn more:https://lnkd.in/eBUCw8RB #SeeWhatMatters #FraudPrevention #FraudDetection #FinancialServices
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UK Consumer Lending: Is Fraud Threatening Your Business? The UK consumer lending sector thrives on trust, but fraudsters are constantly devising new methods to exploit vulnerabilities. From fake applications to account takeover scams, financial crime can have a devastating impact. Here's how LexisNexis® FraudPointTM UK can help: ✅ Make informed lending decisions with our risk scoring system. ✅ Combat application fraud with LexID®, our industry-leading identity linking technology. ✅ Streamline operations and reduce costs with automated fraud checks. Ready to learn more:https://lnkd.in/euxkpmU6 #SeeWhatMatters #FraudPrevention #FraudDetection #FinancialServices
FraudPoint™ UK | LexisNexis Risk Solutions
risk.lexisnexis.co.uk
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UK Consumer Lending: Is Fraud Threatening Your Business? The UK consumer lending sector thrives on trust, but fraudsters are constantly devising new methods to exploit vulnerabilities. From fake applications to account takeover scams, financial crime can have a devastating impact. Here's how LexisNexis® FraudPointTM UK can help: ✅ Make informed lending decisions with our risk scoring system. ✅ Combat application fraud with LexID®, our industry-leading identity linking technology. ✅ Streamline operations and reduce costs with automated fraud checks. Ready to learn more:https://lnkd.in/euzctKfx #SeeWhatMatters #FraudPrevention #FraudDetection #FinancialServices
FraudPoint™ UK | LexisNexis Risk Solutions
risk.lexisnexis.co.uk
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#Romancefraud, a devastating blend of emotional deceit and financial exploitation, continues to ravage the lives of countless individuals seeking companionship online. #Catfishing, the practice where fraudsters create fake identities to form relationships with unsuspecting victims, often culminates in significant financial losses for the targeted individuals. These #scammers skillfully build trust over time, only to request money under fabricated emergencies, leading to substantial financial ruin for victims. The statistics are alarming, with millions lost annually to these heartless schemes. Fortunately, awareness and #technology are converging to fight back against these crimes. Financial institutions and tech companies are increasingly leveraging artificial intelligence and machine learning to detect unusual transaction patterns and alert consumers to potential fraud. Education campaigns are also pivotal, informing the public of the warning signs and preventive measures to take when online dating. Furthermore, collaboration between law enforcement and dating platforms enhances the ability to track and apprehend perpetrators. These innovative solutions offer a beacon of hope, aiming to safeguard individuals’ hearts and wallets against the scourge of romance fraud. #RomanceFraud #Catfishing #FinancialCrime #CyberSecurity #OnlineDatingSafety #FraudPrevention #AIinFinance LexisNexis Risk Solutions Ntakisha Kyalusanza Linda Madziwa Fábio Soares Sebastião
The cost of catfishing
lexisnexisrisk.shorthandstories.com
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UK Consumer Lending: Is Fraud Threatening Your Business? The UK consumer lending sector thrives on trust, but fraudsters are constantly devising new methods to exploit vulnerabilities. From fake applications to account takeover scams, financial crime can have a devastating impact. Here's how LexisNexis® FraudPoint™ UK can help: ✅ Make informed lending decisions with our risk scoring system. ✅ Combat application fraud with LexID®, our industry-leading identity linking technology. ✅ Streamline operations and reduce costs with automated fraud checks. Ready to learn more: https://splr.io/6042cWNqa #FraudPrevention #FraudDetection #FinancialServices
FraudPoint™ UK | LexisNexis Risk Solutions
risk.lexisnexis.co.uk
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UK Consumer Lending: Is Fraud Threatening Your Business? The UK consumer lending sector thrives on trust, but fraudsters are constantly devising new methods to exploit vulnerabilities. From fake applications to account takeover scams, financial crime can have a devastating impact. Here's how LexisNexis® FraudPointTM UK can help: ✅ Make informed lending decisions with our risk scoring system. ✅ Combat application fraud with LexID®, our industry-leading identity linking technology. ✅ Streamline operations and reduce costs with automated fraud checks. Ready to learn more:https://lnkd.in/dMZNXE2u #SeeWhatMatters #FraudPrevention #FraudDetection #FinancialServices
FraudPoint™ UK | LexisNexis Risk Solutions
risk.lexisnexis.co.uk
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🚫 Avoid Financial Scams: Protect Your Money! 🚫 Nothing makes me more sad than when a client becomes a victim of a financial scam. Here are my tips to stay safe: Be Skeptical: If you receive unsolicited calls or emails asking for personal or financial information, think twice. Legitimate organizations won't do this unexpectedly. Secure Personal Info: Guard your sensitive data. Change passwords frequently and avoid using the same one for multiple accounts. Check Links: Before clicking any links, verify their legitimacy. Scammers often use fake websites to steal your info. Investments Caution: Be wary of too-good-to-be-true investment opportunities. Research thoroughly before committing. Monitor Accounts: Regularly review your bank and credit card statements. Report any suspicious activity promptly. Stay informed and protect your hard-earned money! 🔒 #FinancialScams #SecurityTips Remember, vigilance is key! 😊👍
‘Fraud is at a crisis level,’ says expert: 5 financial scams to watch out for in 2024
cnbc.com
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UK Consumer Lending: Is Fraud Threatening Your Business? The UK consumer lending sector thrives on trust, but fraudsters are constantly devising new methods to exploit vulnerabilities. From fake applications to account takeover scams, financial crime can have a devastating impact. Here's how LexisNexis® FraudPointTM UK can help: ✅ Make informed lending decisions with our risk scoring system. ✅ Combat application fraud with LexID®, our industry-leading identity linking technology. ✅ Streamline operations and reduce costs with automated fraud checks. Ready to learn more:https://lnkd.in/gxSaivHG #SeeWhatMatters #FraudPrevention #FraudDetection #FinancialServices
FraudPoint™ UK | LexisNexis Risk Solutions
risk.lexisnexis.co.uk
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