Actionable Fraud Prevention Tips for Your Financial Institution

1. Be aware of traditional scam

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2. Alert customers when there is suspicious activity

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3. Educate customers and employees about phishing and social engineering attack

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4. Incorporate a fraud monitoring system into your online banking system

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5. Manually review audit trails and reports daily

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6. Set up custom rules and limit

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7. Keep your systems updated

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8. Require two-factor authentication and challenge question

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9. Use antivirus and malware protection

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