Results for tag: "Wire Fraud"

Wire fraud is a type of financial crime that involves the use of electronic communications to transfer funds illegally. It is a major concern for banks, as it can result in significant losses for both the bank and its customers. Criminals use a variety of methods to commit wire fraud, such as phishing, spoofing, and malware attacks. Banks must take steps to protect their customers from these threats, such as implementing strong authentication measures and monitoring for suspicious activity. There are a number of companies in the wire fraud market that provide solutions to banks. These include companies such as RSA Security, Symantec, McAfee, and FireEye. These companies offer a range of services, from fraud detection and prevention to identity and access management. Banks can also use third-party services such as Trusteer and FICO to help protect their customers from wire fraud. Show Less Read more