Counterfeit Money Detector and Identity Theft Prevention Blog

Sean Trundy

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

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

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

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

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