The growing prevalence of APP fraud has long focused financial institutions on the need for robust detection and prevention strategies.
However, a critical component often remains on the back burner: the recovery of stolen funds. In an upcoming webinar titled “Beyond prevention and detection: the essentials of APP fraud recovery,” experts from Salv and Thistle Initiatives will shed light on this overlooked aspect, introducing more proactive recovery solutions.
Participants in the webinar will explore the effectiveness of intelligence-sharing platforms. These systems have demonstrated impressive success rates in other markets by fostering a collaborative approach to fraud recovery. By sharing crucial intelligence across platforms, financial institutions can significantly enhance their ability to trace and reclaim lost funds.
The discussion will also cover the necessary infrastructure and processes required to respond swiftly to APP fraud incidents. Building a responsive framework involves not just technological upgrades but also refining customer engagement practices to ensure quick and effective communication during fraud incidents.
Moreover, the webinar will offer practical tips for institutions aiming to enhance their preparedness for APP fraud recovery. These will include actionable strategies that can be immediately implemented to strengthen the recovery phase of fraud management.
Sign up for the webinar here.
