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.
Keep reading
Read the article: Account Takeovers: The Silent Revenue KillerAccount takeover (ATO) fraud is rapidly becoming one of the biggest threats facing digital marketplaces and gig platforms. Learn how ATO attacks work, why they are accelerating, the latest fraud trends and statistics, and how continuous identity verification helps organizations prevent account takeovers while protecting revenue, customer trust, and user experience.
Read the article: The Silent Drain: How SMS Pumping Is Bleeding Digital Marketplaces DrySMS pumping fraud is silently increasing verification costs for digital marketplaces by exploiting OTP workflows. Explore how these attacks operate, why traditional SMS authentication is failing, and how proactive phone intelligence can prevent fraud before an SMS is sent.
Read the article: Prove and Baselayer Partner to Bring Real-Time Business Verification to ProveXProve and Baselayer simplify business verification by combining trusted identity, real-time KYB intelligence, and seamless onboarding into a single workflow without requiring additional verification steps.
Trusted by 2000+ leading companies to reduce fraud and improve consumer experiences, Prove is the world’s most accurate identity verification and authentication platform.
