Awareness & Training , Education , Fraud
Getting Consumers Involved in Fraud Prevention, Detection
Consumers are willing to be inconvenienced to help their banking institutions reduce fraud and enhance the security of financial transactions, says Robert Zerby, vice president and financial crimes manager within the Community Banking Risk Management division at Wells Fargo Financial Crimes Risk Management. What's more, he says increased publicity surrounding retail breaches is spurring consumers to work more closely with their banks.
See Also: 2017 Predictions on Data Security: Insights on Important Trends in Security for the Banking Industry
In this video interview recorded at ISMG's San Francisco Fraud and Breach Prevention Summit, Zerby discusses:
How buy-in from consumers for fraud-prevention offerings, like text alerts, is on the upswing ; Why consumers understand more today than even three years ago about their need to be vigilant to reduce fraud; Steps banks and credit unions should take to increase the number of services they offer customers for enhanced fraud detection and prevention.See Zerby present here on The Evolution of Payments Fraud and the Emerging Threat Landscape.
Zerby serves as program manager for both fraud and anti-bribery and corruption for Wells Fargo Community Banking. A 15-year veteran of the bank, he has spent more than 21 years in risk management, information technology and decision science. Prior to his current role, Zerby was the manager of operations for financial crimes Investigations, and the governance and reporting manager for corporate fraud risk management.