Why Fraudsters Love the Holidays — with Kausar Kenning

As the holidays approach, it's time to stay even more vigilant against fraud. That's because fraudsters are more likely to seek out vulnerable, lonely or busy people at the end of the year. How can community bankers get ahead of year-end fraud and raise awareness among consumers?

"I think that's the responsibility of community banks," says Kausar Kenning, global head of payment systems intelligence for VISA. "Make sure that you're taking all those safety precautions, make sure that you're being proactive in your effort, and you're helping to prevent it from before it even begins."

As Kenning points out, proactivity istrea key to fraud prevention. She and host Charles Potts talk about the latest scams, why fraud increases toward the end of the year, and how community banks can fight it.

This episode is sponsored by FIS, VISA and ICBA Payments.

Links

• ICBA Payments provides products and services to help mitigate fraud loss. Learn more about its Fraud Loss Protection Plan at icba.org/flpp

• ICBA offers a number of on-demand webinars highlighting fraud trends at icba.org/education/webinars

• Keep an eye out for Independent Banker magazine's new column on fraud beginning in February. We'll be covering fraud topics every other month.

• Learn about other bankers' fraud experiences, straight from the source, on ICBA Community.