FICO Tackles a Recent Rise in Card Skimming Fraud and Suggests How Banks Can Mitigate Disruptions
In a Nutshell: Cases of card skimming are on the upswing at ever-increasing rates. Skimming is one of the biggest challenges for both consumers and financial institutions. FICO is working with banks to solve and prevent instances of skimming. It uses advanced software technology, like the Card Alert Service and Falcon Fraud Manager, to inform banks of suspicious activity. FICO also advises consumers to proactively monitor their accounts and use alert systems to catch fraudulent... read more »