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How to gain more from operational risk management practices.
Modern risk management technology solutions improve efficiency and provide greater visibility into risks. Today’s tools provide real-time visibility, action plans, enhanced reporting and business intelligence, and proactive notifications for operational risk. Real-time data empowers banks and financial services organizations to proactively manage risks and instantly detect and mitigate emerging issues. Click here to learn more.

FTC update on fake check scams

The Federal Trade Commission has issued a Consumer Protection Data Spotlight with an update showing that fake check scams led to reported individual median losses of $1,980 – losses far higher than on any other of the top ten scams reported to the Commission. According to the new data analysis, consumers in their twenties are more than twice as likely as people 30 and older to report losing money to these scams. The FTC's Data Spotlight, drawing on complaints submitted from consumers across the country, calls attention to the growing prevalence of fake check scams. According to the spotlight, complaints about fake checks are up 65 percent since 2015.

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