Mobile banking use is on the rise, and as banking services grow, so do fraud attempts using mobile banking capabilities.
Fraudsters have repeatedly created schemes by blending old tactics with new technologies or new banking services. A recent technique involves a very old form of payment – checks – with a newer, but rapidly growing mobile banking service – remote deposit capture (RDC) – to commit check fraud.
Analysis conducted by Guardian Analytics across 400 financial institutions found that 72 percent of mobile banking fraud included use of remote deposit capture (RDC) and fraudulent checks.
Read the full whitepaper to exlpore prevention tips such as:
- prevention techniques for the sweetheart scam
- using behavioral analytics to prevent fake online payday lender scams
- guidelines for protection against other attacks using mobile RDC