Fraud Prevention Blog

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

The implementation of Real ID regulations means that starting January 22, 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

Why Hacks like the Equifax Hack Mean Identity Authentication is More Important Than Ever

Posted by Stephanie Cho on Tue, Sep 12, 2017 @ 11:44 AM

TABLE OF CONTENTS
Equifax Hack: The Facts
How Criminals Can Use This Stolen Data
Identity Authentication: Protection from the Equifax Fallout
Was Your Information Compromised in the Equifax Hack?
What to do if your Information was Compromised

Topics: counterfeit fraud prevention, hack, data breach, identity authentication, equifax

CNP to Hit $70 Billion in the Next 5 Years

Posted by Sean Trundy on Thu, Jul 13, 2017 @ 02:57 PM

Retailers are on course to lose more than $70 billion globally to remote “card-not present” (CNP) fraud over the next five years. Despite this fact, retail managers of both large and small operations are under the financially fatal impression that fraud prevention is too costly.

Topics: fraud prevention, cnp fraud, identity authentication, identity fraud

How to Authenticate Older Banknotes

Posted by Stephanie Cho on Wed, Jun 28, 2017 @ 11:15 AM

Image of a Series 1928 Federal Reserve Note

TABLE OF CONTENTS
A Brief Background on U.S. Currency
What are Older Banknotes?
How do Newer Banknotes Differ?
The Four Steps You Must Do To Authenticate Older Banknotes
Design Features of Older Banknotes

Topics: counterfeit money, old money, counterfeit money detection

Counterfeit Money Detection 101

Posted by Stephanie Cho on Wed, May 24, 2017 @ 03:23 PM

TABLE OF CONTENTS
Why You Need to be Vigilant about Checking Money
Naked Eye vs. Counterfeit Detectors
Naked Eye Counterfeit Money Detection Methods
Counterfeit Detector Types

Topics: counterfeit money, counterfeit fraud prevention, counterfeit money detectors, fraud prevention

Each New Data Breach Leads to Higher Account Take-Over Losses

Posted by Sean Trundy on Tue, Mar 21, 2017 @ 11:05 AM

TABLE OF CONTENTS
Common ATO Attack Targets
Millennials Seriously Question what Large Institutions Say
Millennials Expect Digital Services – Prefer Mobile

Topics: identity theft, fraud, account takeover fraud, data breach, identity fraud, account takeover

Why New Account Fraud's Financial Mayhem Will Only Get Worse

Posted by Stephanie Cho on Thu, Mar 09, 2017 @ 10:57 AM

TABLE OF CONTENTS
What is New Account Fraud?
New Account Fraud Stats
The Link between Identity Theft and New Account Fraud
Why New Account Fraud is so Attractive to Criminals
Why New Account Fraud is Difficult to Detect
New Account Fraud Prevention Tips

Topics: identity theft, fraud, application fraud, data breach, new account fraud