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Fraud Prevention Blog

Where markets go, fraudsters often follow

Posted by Sean Trundy on Thu, Sep 17, 2020 @ 03:53 PM

Fraudulent transactions have grown step-for-step with legitimate economic activity – and is booming as a result of the pandemic.

The Internet Crime Complaint Centre at America’s Federal Bureau of Investigation (FBI) reports that by June of this year, daily digital crime had risen by 75% since the start of stay-at-home restrictions, and that the number of complaints received in 2020 had already surpassed the total for 2019. In a new report, Interpol corroborated these findings, tracking the same trend across EU member countries. 

Fraud during the time of Pandemic

Posted by Sean Trundy on Thu, Jul 30, 2020 @ 11:27 AM

Cashiers and Tellers Report Unable to “Feel” whether Money is Real or Not

During our twenty years of selling counterfeit currency detection equipment, one of the most common “objections” to our presentations that we have heard from companies both large and small is that they didn’t need our counterfeit detection products because they can train their frontline people to recognize fake money by hand – be testing how the paper feels.surgical gloves and cash

Topics: authenticating drivers licenses, counterfeit fraud

The Most Up-to-Date REAL ID Information

Posted by Stephanie Cho on Wed, Apr 24, 2019 @ 12:36 PM

Information up-to-date as of April 24, 2019.

Topics: ID Verification, ID authentication, identity authentication, real ID, driver license update

Analog Identity Theft is a Bigger Problem than Digital Identity Theft

Posted by Sean Trundy on Tue, Jun 19, 2018 @ 02:17 PM

When it comes to assessing your risk of identity theft and fraud, being digitally compromised in a major, headline-news-style data breach is not your only threat.

Media stories focus on huge data breaches such as the Equifax data loss in 2017 which compromised more than 140 million Americans’ personal data. In fact, data theft reached record levels in 2017, with over 1,500 reported incidents of hacking that exposed around 180 million records.

Topics: identity theft, counterfeit detection, fraud prevention, ID authentication

IMPORTANT NEWS:  MasterCard UV Security Features

Posted by Sean Trundy on Fri, Jun 15, 2018 @ 09:10 AM

Several weeks ago, we began getting calls from a few clients asking us whether specific versions of MasterCard payment cards had omitted the use of the UV security feature on their card-stock. After receiving maybe half a dozen of these calls, we began trying to learn more about this.

Topics: counterfeit news, counterfeit detection, ID authentication, credit card

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