Prove Fraud & Cybercrime Executive Advisor Mary Ann Miller on Bank Info Security | Check Fraud: New Approaches to Solving an Age-Old Problem
Prove Fraud & Cybercrime Executive Advisor Mary Ann Miller on Bank Info Security | Check Fraud: New Approaches to Solving an Age-Old Problem
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I recently spoke with Suparna Goswami of Bank Info Security about the recent surge in an older fraud vector: check fraud. Read the full story to learn why rates of check fraud have increased an astounding 84% between 2021 and 2021, what actions The Treasury Department is taking to stop check fraud, and what new technology banks can leverage to protect their assets from fraudsters.
Read the full story here.
Additional Resources on Check Fraud:
- What is Check Fraud and How Can Banks Prevent It?
- Shotgunning Bad Checks: How Banks Can Protect Themselves
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Mary Ann Miller is the Fraud & Cybercrime Executive Advisor and VP of Client Experience at Prove. Mary Ann is a well-respected expert in the fraud and identity space who has been quoted by Sky News, TechCrunch, American Banker, USA Today, and others. Mary Ann was most recently Head of Fraud Strategy at Varo Bank, where she led the fraud strategy process for transitioning the fintech to a nationally chartered challenger bank. Prior to that, Mary Ann's held directorships and executive roles at well-known organizations such as USAA, PayPal, Lloyd's Banking Group, and other technology firms. She has also served on the US Federal Reserve Secure Payments Task Force and is a current member of the Federal Reserve’s Scams Definition and Classification Work Group.
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Read the article: Prove Extends SIM-Based Silent Authentication to Wi-Fi and Mobile WeProve has extended its SIM-based silent authentication technology to Wi-Fi connections and mobile web sessions, allowing supported authentication flows to verify possession of a mobile device without requiring a direct cellular data connection or an SMS one-time passcode.
Read the article: CLARITY Act could allow 11 crypto activities for US banksThe Congressional Research Service has identified 11 categories of crypto activities that the Senate-reported CLARITY Act would permit for U.S. banking organizations and credit unions, including digital asset underwriting and dealing.
