Fraud Prevention Blog

Fraud & Identity Theft: More Common Than You Think

Posted by Stephanie Cho on Mon, Sep 21, 2015 @ 03:08 PM

Before the advent of the internet, global electronic communications, and online databases, it was a simpler time for the world of fraud: mainly consisting of counterfeit money and documents signed with a forged signature. While these crimes caused inconvenience and loss, the extent of the damage was relatively limited in scope and financial loss compared to today. 

Topics: identity theft, fraud protection tips, fraud prevention protection, fraud prevention, 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

Identity Theft Tied to Fake IDs for College Students

Posted by Sean Trundy on Tue, Sep 01, 2015 @ 12:03 PM

Young people who are under the drinking age have long looked to fake IDs to get around the law. While law enforcement has been fighting this risky behavior for decades, a new risk comes along with buying false identification- in the form of identity theft.

Topics: identity theft, fraud protection tips, fraud prevention protection, fraud prevention

IRS Removes W-2 Auto-Extensions to Fight Fraud

Posted by Sean Trundy on Fri, Aug 28, 2015 @ 09:35 AM

To combat the recent tidalwave of identity theft cases across the United States, the Internal Revenue Service is fighting back. Beyond implementing various new security measures and working with other government agencies to fight fraudulent filing, the IRS is now removing automatic extensions of W-2 forms. The current extension will remain in effect for another year, with the change going into effect in 2017.

Topics: identity theft, fraud protection tips, fraud news, fraud prevention protection, fraud prevention, tax fraud

With Mobile Transactions Comes Mobile Fraud

Posted by Sean Trundy on Thu, Aug 27, 2015 @ 02:39 PM

With the increase of mobile commerce brings a parallel increase in fraudulent mobile transactions, according to a recent report from Kount. For months, mobile commerce transactions have been increasing at dramatic rates, in some cases even surpassing desktop e-commerce and brick-and-mortar purchases. Although in-store and online transactions may be better protected against fraud threats, many merchants are still catching up with fraud protection measures on the mobile front. 

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

Identity Authentication: The Cornerstone of Protecting Oneself Against Fraud

Posted by Sean Trundy on Wed, Aug 19, 2015 @ 09:17 PM

Fraud is big business.  The Federal Trade Commission has estimated that 10.8 percent of U.S. adults experienced fraud in 2011, with 37.8 million separate incidents reported.  The frauds in this FTC report, which only scratches the surface of all types of fraud, from consumer to corporate, included:

Topics: identity theft, fraud protection tips, fraud prevention protection, fraud prevention

Online Fraud Tied To Cities With High Number of Data Centers

Posted by Sean Trundy on Tue, Aug 11, 2015 @ 02:49 PM

According to a new report, the majority of online fraud in the United States is coming from several cities across the country with high concentrations of data centers. These cities, which include Tampa, New York, Chicago, Atlanta, and LA among others, are seeing increased rates of fraudulent activity, especially across the Internet. The correlation between the number of data centers and the high level of fraud suggests that stolen identities may be being funneled via VPN servers and proxies. 

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

Will Smartphones Be The Next Frontier for ID Authentication?

Posted by Sean Trundy on Thu, Aug 06, 2015 @ 10:21 AM

In our tech-based society, smartphones, tablets, and other mobile devices are central to our daily lives. One can confidently assume that nearly every American has a mobile device or access to one, leading us to believe that mobile will be the next frontier when it comes to identity authentication.

Topics: identity theft, fraud protection tips, authenticating drivers licenses, ID Verification, fraud prevention protection, fraud prevention

Recognizing a Phishing Scheme

Posted by Sean Trundy on Mon, Jul 27, 2015 @ 12:01 PM

We'd all like to assume that we are quick enough to recognize a scam before falling into a trap - but many of the best phishing schemes seem credible and legitimate in the beginning. Emails are a favorite resource of cyber criminals, who use emails to trick you into providing login credentials for private accounts. So how can you know to recognize one of these schemes? 

Topics: identity theft, fraud protection tips, fraud prevention protection, fraud prevention, phishing

What Industries Are Seeing More Fraudulent Activity?

Posted by Sean Trundy on Fri, Jul 24, 2015 @ 12:19 PM

Financial institutions have long been the target of phishing schemes and fraudulent activity- from January to June of this year, the financial industry saw 41% of all phishing attacks. Taking a look at other industries, however, has also proven quite shocking. In non-financial industries, fradulent activity and phishing attacks have quadrupled over the last year and a half.

Topics: fraud protection tips, fraud prevention protection, fraud prevention