Fraud Prevention Blog

Sean Trundy

Recent Posts

IDentity Theft Continues to Increase in Volume & Value

Posted by Sean Trundy on Wed, Feb 22, 2017 @ 01:36 PM

TABLE OF CONTENTS
CNP Fraud
Identity Fraud via Phishing, Malware, and Social Media
Other Identity Fraud Trends
What Can Business Operators Do?

Topics: identity theft, cnp fraud, identity fraud

Compliance & Fraud Prevention in Remote Onboarding for Banks

Posted by Sean Trundy on Tue, Jan 24, 2017 @ 07:29 AM

TABLE OF CONTENTS
Remote Banking
Mobile Client Onboarding is the Next Frontier
Mobile Identity Authentication
Known Fraudster Checks

Topics: fraud prevention, ID authentication, mobilverify, identity authentication, ID authentication app

Millennials & Banking

Posted by Sean Trundy on Mon, Jan 16, 2017 @ 01:02 PM

TABLE OF CONTENTS
What does the future of financial services look like?
Millennials Seriously Question what Large Institutions Say
Millennials Expect Digital Services – Prefer Mobile
How to Make Millenials Love Your Bank

Topics: millennials, banks, forecast, trends

A Cool New Tool That Lets Consumers Protect Their Identity From Theft

Posted by Sean Trundy on Thu, Jul 21, 2016 @ 12:34 PM

Identity Theft continues to rank as the fastest growing form of fraudulent crime

A recent report by CIFAS - a not-for-profit company working to protect businesses, charities, public bodies and individuals from financial crime – revealed that prolific users of social media had experienced a 57% increase in incidences of misuse of their personally identifying information over last year. All because fraudsters were able to scrape their victims’ important personal data straight from social media profiles. Information such as birthdates, mother’s name, addresses, former residences and more can all be a key part of building an identity profile sufficient to enable access to accounts or the creation of new ones.

Topics: identity theft, mobileapp, identity theft protection, civic

A Modern Solution for Fraud Prevention in Mobile and Online Environments

Posted by Sean Trundy on Tue, Jun 28, 2016 @ 02:47 PM

Mobile Identity Authentication

Many potential business-cases point to the desire to have an identity authentication solution available as a mobile application on a smart phone or tablet. In some cases, it simply isn’t feasible to have a stationary device, tethered to a PC, available at the location where authentications must occur. In other cases, it may be desirous to have a client that is not in your physical store or branch location conduct an identity authentication wherever they are – which might be in their home, at a hotel, or even walking on the street.

Topics: fraud prevention, mobile fraud protection, mobilverify, identity authentication, identity authentication app

How to Detect Fake IDs in 2016

Posted by Sean Trundy on Thu, Mar 24, 2016 @ 11:08 AM

Identity fraud is rampant. Just perform a Google search on the term and the evidence to support this statement is clearly visible. You will find dozens of news stories every day. Government websites from all over the globe warning its citizens of the dangers of having their identities stolen. Paid advertisements from companies offering the latest solutions. Wikipedia sites, and more.

Topics: counterfeit ID, mobilverify, identity authentication, fake ids

The MobilVerify App Protects Sales People from Harm & Auto Dealers from Fraud

Posted by Sean Trundy on Mon, Mar 21, 2016 @ 03:30 PM

Earlier this year, a car salesman in Houston was kidnapped while taking a prospective client on a test-drive. The gory details include being beaten and thrown in the trunk of the car. Only through remarkable good fortune did he get away with only bruises.

Topics: fraud, mobilverify, auto dealers, identity verification, identity authentication

The Worst Loss Prevention Advice We've Ever Heard

Posted by Sean Trundy on Fri, Feb 19, 2016 @ 07:33 AM

It was last year that I heard a prominent loss prevention professional - a name that many in the industry would instantly recognize as a keynote speaker at conferences and seminars - say to me: "You can't expect your cashiers to be able to prevent fraud from occuring in your stores." Or something along those lines. The conversation occured at the FraudFighter booth at the NRF Loss Prevention show in June of last year, so I may not remember the exact words he used. But the general gist of the comment was the same.

Topics: counterfeit money, counterfeit credit cards, fraud, loss prevention, advice

The Move from "Credit Card Fraud" to "Remote Fraud"

Posted by Sean Trundy on Thu, Dec 10, 2015 @ 02:33 PM

For many years, credit card fraud has been the favored method for fraudsters seeking to profit from stolen identity information. The ease with which a criminal could use a victim’s card information and the generally widespread availability of stolen card data made credit card fraud the simplest and lowest-risk option for the average criminal.

Topics: credit card fraud, remote fraud, account takeover fraud, application fraud, cnp fraud

On the Horizon for Fraud Protection:  Mobile Security

Posted by Sean Trundy on Tue, Sep 08, 2015 @ 11:34 AM

Most people have some exposure to fraud deterrents in their daily lives.  For the honest person, these deterrents are in place for protection and peace of mind.  For the criminal, they are barriers he or she hopes to breach. 

Topics: fraud protection tips, fraud prevention protection, counterfeit fraud prevention, fraud prevention, mobile fraud protection, mobile fraud