Early Warning Blog

David Barnhardt

Recent Posts

Is Counterfeit Check Fraud Leading DDA Losses at Your Institution?

Posted by David Barnhardt on Sep 28, 2015

Counterfeit fraud including advanced fee fraud, also commonly known as 419 Scams, utilizes confidence tricks to successfully scam vulnerable individuals. In 2013, the American Bankers Association (ABA) identified that financial industry loss and loss avoidance due to DDA fraud cost over $14 billion. Of the $648 million of all check fraud losses reported, 24 percent was a result of counterfeit fraud (approx. $155 million). And, over the last few years, counterfeit fraud has consistently been the leading DDA fraud type, increasing in losses per account to $0.41 across financial institutions (FI) by the end of 2013.

Continue reading

Topics: Payments

Increasing Visibility of Re-Deposited Items with Cross-Industry Bank Data

Posted by David Barnhardt on Aug 13, 2014

The mobile banking industry is growing exponentially as indicated in Javelin’s Mobile Banking, Tablet and Smartphone Forecast 2013-2018 report published in March of this year; 95 million adults used mobile banking in 2013, a nearly 40% increase over 2012.

Continue reading

Topics: Payments

Carrier Data Can Help Mitigate Risk for the Mobile Channel

Posted by David Barnhardt on Jun 25, 2014

A recent survey by remotedepositcapture.com revealed that 90 percent of FIs say the benefits of mobile banking far outweigh any risks. This corroborates findings included in the 2013 American Bankers Association Deposit Account Fraud Survey Report that determined 92 percent of FIs attribute no losses whatsoever to remote deposit fraud. However, in that same study, fraud-management executives were asked to identify perceived vulnerabilities and mobile banking topped the list.

Continue reading

Topics: Authentication