Fraud Prevention Blog

Why It’s Always Important To CYA

Posted by Stephanie Cho on Tue, Apr 17, 2018 @ 02:12 PM

You know it’s important to protect your business against fraud, but how do you protect your business when it’s being accused of facilitating fraud?

Topics: fraud prevention, identity authentication, identity documents

Are You Wasting Time Counting Cash Registers?

Posted by Stephanie Cho on Thu, Mar 08, 2018 @ 01:13 PM

Increase Your Employees’ Productivity by Eliminating the Time-Consuming Task of Counting Money

Topics: money counting, uv counterfeit detection, money scale, cash counter

California & Real ID Compliance

Posted by Stephanie Cho on Tue, Feb 13, 2018 @ 09:31 AM

The California DMV released its Real ID-compliant driver license and identification (ID) card on January 22, 2018.

Topics: real ID, driver's licenses, driver license update

Why All Businesses Should Take Heed of the 7-Eleven ICE Raid

Posted by Stephanie Cho on Mon, Jan 29, 2018 @ 01:01 PM

If you are in noncompliance with Form I-9 requirements, your business could pay a rather hefty penalty.

Topics: regulatory compliance, I-9 compliance, Employee Verification, identity verification, identity authentication

Why UV Counterfeit Detection Continues to Be an Effective Solution

Posted by Stephanie Cho on Tue, Dec 12, 2017 @ 01:26 PM

Countries around the world are designing ever-more intricate (and beautiful!) UV security features on currency notes and identity documents - BECAUSE THEY WORK!

Topics: counterfeit detection, currency news, uv counterfeit detection, identity documents

How Counterfeit Money Can Be Used as a Weapon

Posted by Stephanie Cho on Mon, Dec 04, 2017 @ 03:27 PM

Counterfeit money, of course, can be used to swindle real money and products from businesses, but did you know that counterfeit money is often used as an economic weapon?

The introduction of counterfeit money into circulation can cause the currency to inflate - i.e., the value of that currency drops – and if the currency inflates enough, the country’s economy can collapse. The effects of artificially adding (counterfeit) currency into circulation have been taken advantage of by many nations in order to conduct warfare on an economic level – in a sense, it can cause more damage than actual, physical warfare can.

There have been many instances throughout history in which counterfeit money was used as an economic weapon; recently, counterfeit Yemenni banknotes were used in such a manner. Read on to learn about several instances - including this recent counterfeit Yemeni money incident - in which counterfeit money was used in an attempt to bring about devastating economic consequences.

Topics: counterfeit money

Frightening Ghost Checks and Zombie Financial Transactions

Posted by Sean Trundy on Tue, Oct 31, 2017 @ 12:35 PM

Terrifying financial horror stories aren't fiction!

Topics: identity theft, new account fraud, identity fraud, account takeover

What to Expect from Real ID

Posted by Stephanie Cho on Thu, Oct 19, 2017 @ 03:20 PM

Many states are changing driver's license and identification card designs in next two years - which will make it a struggle to recognize fake ID's

Updated: February 15, 2018

The implementation of Real ID regulations means that starting October 10, 2018, you may not be able to use your state-issued identification (i.e., your driver's license or identification card) to get on an airplane - even if you're travelling domestically.

Topics: identification cards, identity authentication, identity fraud, real ID, driver's licenses

I know your mother told you never to lie...... but......

Posted by Sean Trundy on Thu, Oct 12, 2017 @ 08:53 AM

I found the below article so compelling, and so important as it relates to the current environment of personal data hacking, and how to secure oneself from identity theft, that I have decided to reprint the article in its entirety here.

Topics: identity theft protection

The Equifax Data Breach and your Loss Prevention Operation

Posted by Sean Trundy on Mon, Oct 02, 2017 @ 08:56 AM

How the release of personally identifying information (PII) of nearly half the US population should change your approach to preventing fraud losses at your business

Earlier this month, an absolute bombshell announcement was made by Equifax – one of the three major credit scoring bureaus in the United States.

“We identified a cybersecurity incident potentially impacting approximately 143 million U.S. consumers. Criminals exploited a U.S. website application vulnerability to gain access to certain files. ”
– Equifax

Topics: identity theft, data breach, identity authentication, identity fraud, equifax