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Fraud Prevention Blog

The Importance of Family Identity Theft Protection

Posted by Eric Haruki on Fri, Mar 26, 2021 @ 02:36 PM

At this point, the concept of identity theft has thoroughly pervaded our popular lexicon and invaded our semblance of “security” in the digital space. Word of new security breaches or successful phishing exploits darken our news pages seemingly every week, with every successive hack outdoing the ones that came before.

Topics: verification of ID, counterfeit fraud, mobile fraud prevention, card skimming

Empower Point of Sale Employees With Fraud-Fighting Technology

Posted by Sean Trundy on Tue, Mar 09, 2021 @ 11:07 AM

Employees tasked with running cash registers and point of sale (POS) systems are a store’s first defense against credit card, ID document and currency fraud. Training point-of-sale employees to detect fraudulent identity documents, counterfeit money, and other problematic materials is an essential part of bolstering a company’s resistance to loss and theft.

However, even the best training programs cannot take the place of specially designed fraud detection equipment. Items like ultraviolet lights provide valuable support in loss prevention and company security.

Topics: fraud protection tips, retail fraud, counterfeit money, fake money, counterfeit fraud, counterfeit detection, fraud prevention protection, counterfeit fraud prevention, counterfeit money detectors, fraud prevention

Think counterfeit currency isn’t still a problem? Think again…..

Posted by Sean Trundy on Thu, Mar 04, 2021 @ 09:19 AM

A quick perusal of recent news stories using the keyword “counterfeit money” reveals the most simple and clear evidence that counterfeiting of US dollars is still a thriving industry. Many people assume that – with the pandemic causing lower volumes of in-store transactions - counterfeiting activity would similarly be much lower. But the data does not support this.

Topics: counterfeit news, counterfeit fraud, counterfeit fraud prevention, counterfeit detector, counterfeit bills

$136,000 in Counterfeit Dollars Seized by CBP

Posted by Sean Trundy on Wed, Feb 03, 2021 @ 03:08 PM

Two Packages, $136K of Counterfeit Currency CBP Officers in Chicago Seize Shipments Containing Funny Money

https://www.cbp.gov/newsroom/local-media-release/two-packages-136k-counterfeit-currency-cbp-officers-chicago-seize

Topics: counterfeit fraud, fraud prevention protection, counterfeit detector

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

Could This New Technology Prevent Counterfeiting?

Posted by Sean Trundy on Mon, Jul 27, 2015 @ 12:03 PM

Scientists out of the National University of Singapore have found a method of utilizing nanohole technology to potentially prevent the counterfeiting of documents, credit cards, currency, and ID cards. The new technology was designed to incorporate over 34,000 nanoholes on an "ultra-capacity nano-photon sieve" surface. This surface would ensure that holograms could not be replicated by counterfeiting fraudsters.

Topics: counterfeit news, counterfeit money, counterfeit fraud, counterfeit detection, counterfeit credit cards, counterfeit ID, counterfeit fraud prevention

Reliable Detection Processes for Fake Bills

Posted by Sean Trundy on Wed, Jul 22, 2015 @ 12:40 PM

Counterfeit money has been around as long as authentic money. Even some of the very first western coins were not exempt from counterfeiting, and realistic-looking plated copies have been found. Prior to paper money, counterfeiting was actually quite time-consuming and involved mixing nearly worthless base metals with genuine silver or gold. With the advent of paper money, counterfeiting became easier and more profitable. Today’s fraudsters simply need the right kind of paper, a good printer and decent computer graphics skills to print their own fake bills.

Topics: counterfeit money, fake money, counterfeit fraud, counterfeit detection, counterfeit money detectors

Consumers Express Concern Over Protecting Financial Information

Posted by Sean Trundy on Thu, Jul 16, 2015 @ 07:24 AM

Counterfeiting and identity theft are major concerns for the public, and safety of private financial information is very important to the American people. According to a recent survey commissioned by a major credit card company, 77% of those polled explained that they worry about their financial and Social Security information being compromised.

Topics: identity theft, fraud protection tips, credit card fraud, fraud news, counterfeit fraud, fraud prevention protection, counterfeit fraud prevention, fraud prevention

Making the Case for Ultraviolet Counterfeit Detectors

Posted by Sean Trundy on Wed, Jul 08, 2015 @ 08:39 AM

For as long as governing bodies have released official documents and notes, counterfeiting has been an accompanying issue. This deceptive practice dates all the way back to ancient Rome, when counterfeiters would actually shave small flecks of gold and silver off of coins in order to make their own money. In this perpetual game of cat-and-mouse, it often seems like counterfeiters are always able to stay one step ahead of countermeasures

Topics: counterfeit money, counterfeit fraud, counterfeit detection, counterfeit credit cards, counterfeit ID, counterfeit fraud prevention, counterfeit money detectors

Oct, 7 2014- Is Your Business Prepared for the Holidays?

Posted by Alisha Acosta on Tue, Oct 07, 2014 @ 12:54 PM

The holiday season is nearing meaning the busiest time of the year for retail businesses is arriving. This is the time of the year in which spending increases but also the times of the year when businesses are more susceptible to transactional fraud in the form of counterfeit currency, counterfeit credit cards and identity theft. It is important that your business is prepared to handle the influx of transactions that will come at this time of year and the possible fraudulent vulnerabilities that business are susceptible to during this season.

Topics: identity theft, counterfeit money, fake money, counterfeit fraud, fraud prevention protection, counterfeit money detectors, fraud prevention