Social Security Unveils New Anti-Fraud Controls
After months of floating various anti-fraud proposals, the Social Security Administration (SSA) has settled on what appears to be a more or less permanent program to combat fraud. Effective immediately, the agency will conduct anti-fraud checks on all phone applications for benefits. Applicants flagged for suspicion will be required to verify their identity in person. […]
Wells Fargo Ramps Up Hiring to Capture Growing Tech Market
Following significant tech breakthroughs in recent years, Wells Fargo is aiming to expand its presence in the sector by strengthening its team. Last year, the financial institution increased headcount in its U.S. technology banking unit by 20%, with plans to bring on additional talent in the coming months. Wells Fargo’s tech banking unit supports clients […]
The Cost of Inaction: Why FIs Are Investing in Scam Prevention Now
A consumer receives a text about an unpaid toll bill demanding immediate payment—only they haven’t driven on a toll road recently. A homeowner locked out of their house calls a locksmith, only to discover the business listing on Google Maps was fake, and they have been redirected to a criminal trying to manipulate them into […]