This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties.  Members and Law enforcement use only. Contact us for any permissions.  To do otherwise will result in the loss of membership.

Complete Story
 

09/19/2025

Risk Experts Tell Congress Banks Need to Unify Against Fraud

PYMNTS

Fraudsters, aided by advanced technologies, pose a pervasive and escalating threat to the financial system, financial services and risk experts told lawmakers on Capitol Hill Thursday (Sept. 18).

A House Financial Services Committee oversight and investigations subcommittee hearing titled “Fraud in Focus: Exposing Financial Threats to American Families” brought together experts to discuss the changing nature of fraud and the limitations banks face with current technologies, and the collaborative strategies needed to combat fraudsters.

Ian Bednowitz, general manager of LifeLock, a division of Gen Digital, Inc., described fraud as “escalating at an exponential pace, putting more people at risk every single day,” as over 75% of cybercrime originates from scams and social engineering.

More Info

Printer-Friendly Version


Resources

Alerts

The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.

more information
Resources

Resources

Your electronic library to help in fighting financial fraud for all of our partners.

more information