Abrigo

JUNE 12, 2023

WATCH NOW Takeaway 1 The number of money transmitters grew by 13% in 2021 in the U.S. Money transmitters like Western Union, PayPal, MoneyGram, Zelle, and many others, facilitate secure digital transactions, allowing people to send and receive funds across borders and within the U.S. alone, handling $6 trillion in payments.

Cybersecurity 78

Cybersecurity Transactions Credit Risk 78

Abrigo

DECEMBER 27, 2022

billion to fraud in 2021, a 70% increase over the prior year. After the fraudster receives the fee, the investment transaction is never executed. Financial Cybersecurity. Banking cybersecurity & cybercrime: Protecting banking customers starts with you. Lending & Credit Risk. million fraud victims.

Credit Unions 78

Credit Unions Cybersecurity CECL Credit and Collections 78

Abrigo

AUGUST 22, 2022

billion in fraudulent transactions, a staggering 47% of which were check fraud. The 2021 AFP Payments Fraud and Control Survey reported 66% of fraud activity included check fraud in 2020. One would think as technology improves so would the safeguarding features around monetary transactions. Financial Cybersecurity.

Cybersecurity 78

Cybersecurity CECL Transactions Credit Risk 78

Abrigo

JULY 16, 2021

FinCEN Releases 8 AML/CFT Priorities These priorities were published June 30, 2021, highlighting several areas of heightened risk for the U.S. These priorities were published June 30, 2021, highlighting several areas of heightened risk for the U.S. Lending & Credit Risk. Portfolio Risk & CECL.

Credit Unions 78

Credit Unions Cybersecurity CECL Credit Risk 78