Tom Alcott

Fraud & Risk Editor

Tom Alcott covers fraud prevention, financial crime, and operational risk for banks and credit unions. He spent years on the front lines of transaction monitoring and dispute resolution before turning to writing, and he brings that operator's perspective to every piece. His goal is simple: help institutions catch losses earlier without adding friction their good customers will feel.

Fraud preventionFinancial crimeTransaction monitoringRisk managementAccount takeover

3 articles by Tom

Fraud Prevention

Scam-Based Fraud Is 2026's Defining Threat — and Why Traditional Controls Miss It

Scam-based fraud — where the customer is tricked into sending the money — is the fastest-growing loss line in banking, a

Tom Alcott·3 min

Fraud Prevention

BioCatch: The Guardian Against Advanced Account Takeover Fraud

Account takeover fraud is on the rise, with attackers using advanced tactics like social engineering, bank impersonation

Tom Alcott·2 min

Fraud Prevention

12 Treasury Management Solutions for Fraud Prevention

In today’s fast-paced digital landscape, businesses face an ever-growing threat of fraud, making robust treasury m

Tom Alcott·7 min