Fraud Prevention Blog

Stephanie Cho

Recent Posts

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

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

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

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

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

The Next Big Wave of Fraud: Card Shimming

Posted by Stephanie Cho on Wed, Feb 08, 2017 @ 08:33 AM

TABLE OF CONTENTS
What is Card Shimming?
Card Shimming vs. Card Skimming
What are CVVs?
Why Cards are Skimmed
Why Cards are Shimmed
Why Card Shimming is a Bigger Problem than Card Skimming
How to Protect Yourself from Card Shimming

Topics: credit card fraud, debit card fraud, skimming, credit card skimming, atm skimming, card shimming, atm shimming, shimmer, card skimming, skimmer, atm shimmer

The Troubling Pervasiveness of Return Fraud - and What You Can Do About It

Posted by Stephanie Cho on Wed, Dec 28, 2016 @ 09:34 AM

TABLE OF CONTENTS
What is Return Fraud?
Return Fraud Statistics
Why is Return Fraud such a Problem?
How to Prevent Return Fraud

Topics: retail fraud, fraud prevention, fraud, holiday season, return fraud

The Holidays, Retail, and Fraud

Posted by Stephanie Cho on Tue, Nov 22, 2016 @ 07:00 AM

TABLE OF CONTENTS
Consumer Behavior during the Holidays
Holiday 2015 Retail Stats Review
Holiday 2016 Retail Forecast
Holiday Fraud Issues
Holiday Fraud Prevention Tips

Topics: retail fraud, fraud, holiday season, cnp fraud