Patrolling the Neighborhood

Leuchtner, Tom
September 2010
Bank Technology News;Sep2010, Vol. 23 Issue 9, p30
Trade Publication
In this article the author reflects on an increase of sophisticated methods employed by cyber criminals to commit financial crimes as evidenced by a dramatic growth of Automated Clearing House (ACH) and wire fraud instances. He mentions that commercial banking accounts turned out to be the target for cyber criminals due to large numbers of transactions. He suggests for an anti-fraud solution for banks to identify business lines and account profiles that are susceptible to fraudulent activity.


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