Early Warning has partnered with HackerOne to offer a public bug bounty program where all valid high and critical vulnerabilities found are paid out 1.5 times of eligible bounty payouts, and up to $15,000 for each valid submission. Find vulnerabilities on our websites, portals, web services, and mobile app within scope to earn rewards. Promotional campaign is valid now through June 30, 2024. Visit our program page to learn more!

We’re excited to share the recent article featured on About Fraud from our Chief Data Officer, Francesca La O. She delves into how FIs are coming together 🤝 to protect the U.S. financial system using shared insights from consortium data 🌐 – check it out below.

In the post-pandemic world, financial fraud has proliferated via online channels. In addition to investing in their own data and analytics, banks and credit unions can leverage consortium data and analytics to better detect and stop fraud.

As Chief Data Officer at Early Warning®, I closely monitor the evolving nature of financial fraud. Read below for some thoughts on the crucial role that consortium data plays in protecting the integrity of our financial systems.

Bank transfers and wire transfers were two of the top payment methods most impacted by fraud in 2023 with losses amounting to more than $1.8 billion according to the @FTC.

Account validation is a critical step for preventing fraudulent ACH and wire transactions and can help raise the red flag on suspicious transactions before it’s too late.

Understanding the methods and options for validating external accounts will help you find the right solution for your organization:

❌ Micro deposits

❌ Credential login

❌ Mailing voided checks

✔️ Real-time account validation using consortium data

💡 Read how your FI or corporate organization can enable safer transactions with real-time account validation in our newest guide: (link)