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Fraud Prevention Blog

Protecting Seniors Against Fraud and Identity Theft

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

Identity theft and fraud among senior citizens is rising across the country, with many states as well as the U.S. government taking steps to help protect seniors from this risk. Why are seniors more at risk for fraud and identity theft? It may range from their distribution of personal information to generational beliefs making them more trusting of strangers. Regardless of the reason, fraud prevention for seniors is key to keeping the risk low and preventing scams from occurring. 

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

"Slip and Trip" Accidents Lead to Surge in Liability Fraud

Posted by Sean Trundy on Thu, Jul 23, 2015 @ 12:32 PM

The United Kingdom is reporting a huge jump in liability fraud, citing a 75% increase in bogus liability claims last year alone, numbering 19,800 cases. While the UK reports that insurance fraud rose by 9%, fraudulent claims for "slip and trip" accidents and other injuries appear to be one of the fastest-growing crimes. 

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

Feds Fight Tax Fraud Through Check Cashing Businesses

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

As the Internal Revenue Service continues to work to combat tax fraud this year, other federal agencies are also amping up efforts to rein in the issue. One epicenter of fraud is in southern Florida, both due to its proximity to Puerto Rico and the demographic of older residents. The Financial Crimes Enforcement Network (FinCEN) is working in Miami-Dade and Broward counties in south Florida to minimize fraud risk. The FinCEN has issued a "Geographic Targeting Order" requiring strong identity verification at check cashing companies. Any individual wanting to cash a federal income tax refund will have to show and verifiy their identity. 

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

Empower Point of Sale Employees With Fraud-Fighting Technology

Posted by Sean Trundy on Tue, Jul 21, 2015 @ 01:52 PM

Employees tasked with running cash registers and point of sale (POS) systems are a store’s first defense against check 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 resistance equipment. Items like counter-mounted 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

SEC Playing Bigger Role in Cybersecurity

Posted by Sean Trundy on Fri, Jul 17, 2015 @ 10:24 AM

Despite the Securities and Exchange Commission's focus upon regulating the securities industry and protecting investors, the agency is moving to play a bigger role in cybersecurity. Because the SEC is responsible for customer data protection, disclosure of material information, and market system integrity, it tends to handle cybersecurity issues for advisers, broker dealers, and public companies. 

Topics: regulatory compliance, fraud protection tips, fraud news, fraud prevention protection, fraud prevention

Large National Insurer To Offer Identity Theft Protection

Posted by Sean Trundy on Fri, Jul 17, 2015 @ 10:23 AM

In a wave of preventative measures for data protection, the Blue Cross Blue Shield Assocation announced this week that it will begin offering identity theft protection services for its customers. This year has come with a fair share of challenges for large companies and security breaches; many are hopeful that new identity theft protection options will provide strong safeguards against security threats. 

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

Increase Transaction Security Through Identity Verification

Posted by Sean Trundy on Fri, Jul 17, 2015 @ 08:00 AM

Accurate identification papers are essential to safeguarding financial and legal transactions as well as many other sensitive exchanges. Specialty ultraviolet lights are important instruments used in the fight against fraudulent presentation. The right detection tools can augment existing fraud detection practices while empowering your employees and agents with greater defenses against the use of false identity documents.

Topics: identity theft, verification of ID, Employee Verification, authenticating drivers licenses, authenticating driver's licenses, counterfeit ID, ID Verification, fraud prevention protection, fraud prevention

Steps To Take If Someone Files a False Tax Return in Your Name

Posted by Sean Trundy on Thu, Jul 16, 2015 @ 07:25 AM

Identity theft issues continue to plague the Internal Revenue Service, and the U.S. Treasury Department reported over 2.9 million tax-related identity theft cases in 2013 alone. Between fraudulent tax refunds and other phishing scams, it is best to be protected and prepared in case this happens to you.

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

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

Millennials Are In Danger of Bank Fraud

Posted by Sean Trundy on Tue, Jul 14, 2015 @ 04:28 PM

Millennials probably don't worry too much about identity theft or fraud -- but according to a study from the Federal Trade Commission, 20- to 29-year-olds actually report the most identity theft of any age bracket. Young people are the most vulnerable to these types of fraud, with Javelin identifying that college students are the most prone to identity theft, though they may not even realize it is happening to them.

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