‘American Rescue Plan’ Relief and Renewed Fraud Opportunities
- Date:March 03, 2021
- Suzanne Sando
- Report Details: 4 pages, 2 graphics
- Research Topic(s):
- Fraud & Security
- Fraud Management
- PAID CONTENT
Consumers remain a target for cybercriminals as a third stimulus bill is passed into law. Preventing unemployment benefit scams and Economic Impact Payment check fraud should be a priority for financial services. Financial institutions have an opportunity to not only mitigate risks of future stimulus bill-related cyber fraud, but to also build and maintain consumer trust.
Companies Mentioned: Department of Justice, IRS, U.S. Treasury
Interested In This Report
2023 Identity Fraud Study: The Butterfly Effect
Over the 20 years Javelin Strategy & Research has been performing its landmark Identity Fraud Study, much has changed, including the emergence of an entire industry devoted to vari...
In Check Fraud, Everything Old Is New Again
For a payment vehicle that is fading away, paper checks sure are getting a lot of attention from criminals. Suspicious-activity reports to FinCEN, the Financial Crimes Enforcement ...
More Cyber Lessons for Digital Bankers: It’s All About Trust
Some banking customers just do not trust the internet and are not comfortable using it. They trust their banks, though, and this presents an enormous opportunity for FIs to engage ...