Information up-to-date as of April 24, 2019.
A criminal that has your information can take over your life in a variety of different ways: he could take out a loan in your name, he could empty your bank account, or he could even rent a car and simply not return it, leaving you with the bill. The possible uses of a stolen identity are varied and numerous to the savvy thief, but before he can truly put the stolen identity to use, he’ll need to have a physical identification card ready in order to ‘prove’ his identity whenever it is questioned. And thanks to the REAL ID Act, ‘proving’ his identity may have gotten a bit easier…
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.
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
Recently, in Brooklyn, a man successfully made a $1,500 purchase using fake identification at a department store. It was not until he tried to continue his identity theft spree at a nearby Best Buy that he would be caught. Shortly after his successful attempt at Kohl’s, the man attempted to make a purchase at a Best Buy store, where the suspect tried purchasing $945.32 of merchandise on an existing store-credit-account, without presenting the card. He asked the cashier to look up the card information using his name and date of birth. In order to verify his identity, the employee asked him for his drivers license. The employee recognized the New Jersey DL that he presented as a fake. After notifying the store manager, the authorities were called and arrested the suspect.
Deep in the underbelly of the "Dark Web's" digital black market, identity fraud and counterfeiting businesses are booming. Practically any unscrupulous individual with a computer, tablet or smartphone can gain access to fake drivers' licenses, counterfeit passports, stolen credentials and sensitive financial data.
Additionally, malware is available for sale, or it may leased by the day, week or month. Stolen premium credit card information is just a few clicks away, and many "reputable" black marketers back their credit card information with a 100% satisfaction guarantee. Now, that’s service!
Read on to gain an insider’s track about digital age counterfeiting schemes, hacker resources and rampant identity fraud to better protect your company’s assets.
Loss prevention is a many-faceted practice these days. Gone are the times when cameras on the warehouse doors, stringent counts of the cash-register, and steps to secure assets from shoplifting were the main focus of the professionals charged with protecting their company’s profits from shrinking due to fraud and theft.
Today, the L.P. department must be as focused on data security, insurance fraud and counterfeiting as they are on preventing armed robberies, employee theft and shoplifting.
Topics: ID Verification
Does your business handle in-store credit applications? Are you verifying the identifications of the applicants when they apply for loans? How are you verifying credit applicants’ identification? These are all valid questions you should be asking yourself if your business issues store credit on a consistent basis.
Recently we were approached by a customer, who was in need of a solution for verifying the identifications of their loan applicants.
The New Year is bringing a change to the credit card industry. In the United States, credit card companies will be transitioning to the EMV card system. Now credit cards will be embedded with a smart chip. The chips are the credit cards companies’ preventative method against credit card fraud.
So what is EMV? It is the card system known as Europay, which is the standard for Visa and MasterCard in Europe.