Banking Fraud

With the growth of mobile banking, internet banking and agency banking, I rarely interact with bank tellers or bank employees in general. But now and then I get to speak to my banks customer service department. This happens when I notice debit entries in my account that I cannot explain (for unexplained credits in my account, I prefer to leave it there with the hope the bank will look the other way).

Whenever I call the bank, it’s usually because I suspect fraud in my account. In most cases these have turned out to be false alarms or as the bank puts it sometime....clerical errors on their part. How true or not is not usually my concern as long the issue is rectified and my bank balance is correct. The only irritating aspect is that it takes unreasonably long time to correct these errors....I am always informed of the many review and approval processes involved. 

I am not an expert on bank fraud but it is one of the risks that keeps very many bank employees awake....is our customers money safe, our shareholders money safe, is our money safe is our core banking system safe, are our employees stealing from the bank, is our credit card data safe etc.

There are many articles on banking fraud out there and am sure they are good, in addition to those, I have found this one (the A-Z of bank fraud) to be very good.

Follow the link below and enjoy http://www.netguardians.ch/a-z-banking-fraud