Fraud Prevention Blog

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

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

The Biggest Bust of Bad Bucks: $30 Million in Counterfeit Dollars Seized in Peru

Posted by Stephanie Cho on Fri, Nov 18, 2016 @ 10:58 AM

On November 17, U.S. Secret Service revealed that $30 million in counterfeit money had been uncovered and seized in Peru on November 15. This is quite the historical counterfeit money bust: it is the largest amount of counterfeit money ever seized by the Secret Service.

Topics: counterfeit news, counterfeit money, peru, secret service

Card Skimming 101

Posted by Stephanie Cho on Fri, Oct 14, 2016 @ 03:34 PM

Traditionally, “skimming” meant secretly taking small amounts of money from a larger amount of money, such as taking a couple of dollars from the cash register when the boss wasn’t looking. But today, skimming colloquially refers to card skimming.

Topics: credit card fraud, debit card fraud, skimming, credit card skimming, atm skimming

EMV: Not All It's Cracked Up To Be

Posted by Stephanie Cho on Wed, Oct 05, 2016 @ 03:01 PM

October 1, 2016 was the first anniversary of EMV’s adoption by the United States. Businesses who have not yet adopted the EMV standard are exposed to the fraud liability shift imposed by the standard.

Topics: credit card fraud, fraud liability shift, emv, credit card, chip card

The Future of the U.S. Dollar & How it Might Affect Your Business

Posted by Stephanie Cho on Mon, Sep 19, 2016 @ 07:02 AM

It is often said that the act of counterfeiting money is as old as money itself. No matter the type of currency used throughout history – whether it was the metal coins used in Lydia in 640BC or the cowry shells that were used as currency in Orissa, India until 1805 – there was sure to be someone intentionally attempting to pass off a counterfeit version as the real thing.

Topics: counterfeit money, currency news, fraud, US currency, new currency

2016 Driver License Updates

Posted by Stephanie Cho on Mon, Aug 22, 2016 @ 07:53 AM

Since the beginning of the year, 7 states have issued updated versions of state identification cards - i.e.: driver licenses and identification (ID) cards - to meet the requirements of the Real ID Act.

EMV Not a Cure-All for Credit Card Fraud

Posted by Stephanie Cho on Wed, Aug 17, 2016 @ 03:32 PM

Chip-enabled (EMV) credit cards are designed to be more secure than magnetic stripe cards because the ability of the chip to create dynamic, single-use data that is nearly impossible for fraudsters to counterfeit. At least, that is how the main advantage of EMV credit cards was touted by the consortium of card-issuing banks and other institutions that had been suffering billions of dollars of losses for years leading up the October 1, 2015 deadline for US businesses to adopt the new EMV standard.

Topics: credit card fraud, fraud prevention, emv, credit card