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Fraud & Security
Javelin explores and analyzes how financial institutions can get ahead of criminals using technology, training and education. Our insights guide financial institutions to devise effective strategies to safeguard their data, systems and customers through two specialized practices – Fraud Management and Cybersecurity.
Mitigate Security Threats and Keep Accounts and Identities Safe
Criminals’ tactics are always changing. So is the technology that can help head them off. Javelin’s analysis can help keep financial institutions—and thus their customers—a step ahead. Further, Javelin can help you position your customers as partners in protecting their own information from would-be thieves.
Recent Fraud and Security Research
Reports
Pig Butchering Scams: How Banks Can Stop the Slaughter
- Impact Note
- Date: March 27, 2024
- Author(s): Jennifer Pitt
- Research Topic(s): Fraud Management, Fraud & Security
Pig butchering is a devastating, multilayered, drawn-out investment scam that leaves victims with nothing. By implementing robust customer education, employing effective fraud detection, and training observant call center representatives, FIs ca...
Customer Contact Centers: Heroes in Cybercrime Remediation, Fraud Prevention
- Javelin Report
- Date: February 26, 2024
- Author(s): Jennifer Pitt
- Research Topic(s): Cybersecurity, Fraud & Security
Criminals increasingly use cyberattacks and scams to target consumers, and FI call centers are often relied upon for victim assistance. The key will be FI customer-oriented contact center specialists who are knowledgeable about cyber-risk and fr...
2024 Authentication and Identity-Proofing Vendor Solutions Scorecard
- Javelin Report
- Date: February 8, 2024
- Author(s): Tracy Kitten, Kevin Libby
- Research Topic(s): Fraud Management, Fraud & Security
Identity-proofing, a fundamental need of financial services companies, is a space in considerable flux. Fintech companies that cut their teeth as e-commerce payments platforms are entering the competition and making inroads with innovative solut...
IoT Devices Create Privacy Nightmares for Banks, Small Businesses
- Impact Note
- Date: January 31, 2024
- Author(s): Jennifer Pitt
- Research Topic(s): Fraud & Security, Cybersecurity
IoT devices allow more convenient customer and business interactions, but the privacy and security costs can be too high, especially for financial institutions and small businesses, without diligence. IoT devices that store personal and financia...
Fraud Resolution Gaps Alienate Victims; How Fraud Specialists Can Lend Support
- Javelin Report
- Date: January 26, 2024
- Author(s): Jennifer Pitt
- Research Topic(s): Fraud Management, Fraud & Security
Fraud victims often express frustration over the lack of customer service and resolution they experience when reporting fraud to their financial institutions. The solution: a customer-service-oriented fraud team, one that comprises of empathetic...
Child ID Theft: Social Cyber Risks and the Persistent Threat to Families
- Complimentary Webinar, On Demand Webinar
- Date: January 9, 2024
- Author(s): Tracy Kitten, Jennifer Pitt, Suzanne Sando, Kevin Libby
- Research Topic(s): Cybersecurity, Fraud & Security
Join Javelin’s Tracy Kitten, Suzanne Sando, Kevin Libby and Jennifer Pitt discuss findings from our recent Child ID Theft report on the persistent risks children face through social media and the internet.
How Gift Card Scams Target the Unexpected, And What It Means for Banks
- Javelin Report
- Date: December 14, 2023
- Author(s): Jennifer Pitt
- Research Topic(s): Fraud & Security, Fraud Management
Though the holiday season is nearing the end, gift cards top scammers’ wish lists all year long. Scammers use social media to deploy debt repayment and other moneymaking scams that ensnare educated and younger, tech-savvy consumers, shattering i...
Shattering Gender Stereotypes in Scam Awareness and Education
- Javelin Report
- Date: December 12, 2023
- Author(s): Suzanne Sando
- Research Topic(s): Fraud & Security, Fraud Management
The assumptions many of us make about fraud risk, particularly when it comes to gender, are incorrect, ignored, or downplayed to the point that those assumptions have made financial institutions’ cybersecurity and fraud prevention education esse...
The Privacy Paradox: Consumers Aren’t Acting on Increased Privacy Concerns
- Javelin Report
- Date: December 7, 2023
- Author(s): Kevin Libby
- Research Topic(s): Cybersecurity, Fraud & Security
Javelin Strategy & Research’s annual survey of consumers about their attitudes toward privacy and data collection has revealed an interesting, seemingly contradictory tendency: Consumers, while generally much more concerned about the collection ...
Fraud and Authentication Technology: Realigning Investments with Consumer Expectations
- Javelin Report
- Date: November 14, 2023
- Author(s): Suzanne Sando
- Research Topic(s): Fraud & Security, Fraud Management
Nearly half of businesses, across industries, spend less than $50,000 annually on fraud, authentication, and identity verification technology and tools, making it essential for vendors of these products to anticipate business needs and decision ...