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Fight Fraud Club Special: The Future of Fraud Prevention and Strategies to Fight Back

Banking on Fraudology

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Evolving Strategies in Fraud Prevention

This chapter examines recent trends in fraud prevention with a particular focus on protecting older adults from scams. It highlights various innovative measures, from ATM withdrawal limits in Japan to the complexities of check fraud in the United States, while questioning the effectiveness of age-based restrictions. Additionally, the discussion emphasizes the significance of data analysis and technology in developing proactive strategies to combat financial fraud.

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