PYMNTS highlights a window for banks to respond to checks sold online.
A tweet from PYMNTS states an average of 10 days passes between a stolen check appearing for sale online and the first fraudulent check reaching a bank. Most institutions remain unaware the clock has started. Colin Parsons, head of fraud product strategy at Nasdaq Verafin, and Q6 Cyber CEO Eli Dominitz describe steps banks can take during that interval. The linked PYMNTS article notes that banks often detect fraud schemes only after money has left an account. Coverage centers on incorporating dark web intelligence into fraud detection workflows.
720
1 post, first seen 2d ago
PYMNTS highlights a window for banks to respond to checks sold online.
A tweet from PYMNTS states an average of 10 days passes between a stolen check appearing for sale online and the first fraudulent check reaching a bank. Most institutions remain unaware the clock has started. Colin Parsons, head of fraud product strategy at Nasdaq Verafin, and Q6 Cyber CEO Eli Dominitz describe steps banks can take during that interval. The linked PYMNTS article notes that banks often detect fraud schemes only after money has left an account. Coverage centers on incorporating dark web intelligence into fraud detection workflows.
PYMNTS@pymntsThere's an average of 10 days between a stolen check showing up for sale online and the first fraudulent check hitting the bank. Most institutions don't know the clock is running. Colin Parsons, head of fraud product strategy at Nasdaq Verafin, and Q6 Cyber CEO Eli Dominitz…
PYMNTS@pymntsThere's an average of 10 days between a stolen check showing up for sale online and the first fraudulent check hitting the bank. Most institutions don't know the clock is running. Colin Parsons, head of fraud product strategy at Nasdaq Verafin, and Q6 Cyber CEO Eli Dominitz…
