News

Fair Isaac launches ATM, banking fraud-alert forum

August 14, 2008

MINNEAPOLIS — Fair Isaac Corp., provider of analytics and decision-management technology, has introduced its Fraud Alert Network Forum — an online community where financial professionals share tips, techniques and experiences about sophisticated fraud schemes. The new forum, previously known as the CardAlert Fraud Forum, originally launched in 2002.

From counterfeit ATM cards and credit-card fraud to "phishing" scams to consumer data theft, financial crimes have become highly inventive, and the perpetrators better organized. Fair Isaac created the Fraud Alert Network Forum to help financial institutions and law-enforcement officials counter the trends through collaboration.

The forum provides a secure environment for members to discuss specific criminal attacks. Members can also alert each other to emerging fraud trends and share ways to mitigate losses.

The Fraud Alert Network Forum requires registration. Fair Isaac submits every applicant to a validation process to authenticate identity prior to granting access. Membership is free for banking, credit union and law-enforcement professionals.