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Fraud Prevention Blog

When do we return to the bad-old-days of normal fraud?

Posted by Eric Haruki on Sun, Mar 07, 2021 @ 10:23 PM

As of this writing in early March 2021, COVID19 vaccine deployments have given society a proverbial “shot in the arm”, granting a tantalizing view of life in the after-days.  Given demonstrated vaccine efficacy, the US and the world at large are slowly grinding toward a return to coveted “normalcy” -- we just need to remember that there was much bad along with good prior to entering the Coronavirus cloud.   

Topics: regulatory compliance, authenticating drivers licenses, fraud news, authenticating driver's licenses, fraud prevention protection, counterfeit fraud prevention, mobile fraud, remote fraud, application fraud, new account fraud, identity verification, identity authentication app, mobile, trends, identity fraud

Frightening Ghost Checks and Zombie Financial Transactions

Posted by Sean Trundy on Tue, Oct 31, 2017 @ 12:35 PM

Terrifying financial horror stories aren't fiction!

Topics: identity theft, new account fraud, identity fraud, account takeover

What to Expect from Real ID

Posted by Stephanie Cho on Thu, Oct 19, 2017 @ 03:20 PM

Many states are changing driver's license and identification card designs in next two years - which will make it a struggle to recognize fake ID's

Updated: February 15, 2018

The implementation of Real ID regulations means that starting October 10, 2018, you may not be able to use your state-issued identification (i.e., your driver's license or identification card) to get on an airplane - even if you're travelling domestically.

Topics: identification cards, identity authentication, identity fraud, real ID, driver's licenses

The Equifax Data Breach and your Loss Prevention Operation

Posted by Sean Trundy on Mon, Oct 02, 2017 @ 08:56 AM

How the release of personally identifying information (PII) of nearly half the US population should change your approach to preventing fraud losses at your business

Earlier this month, an absolute bombshell announcement was made by Equifax – one of the three major credit scoring bureaus in the United States.

“We identified a cybersecurity incident potentially impacting approximately 143 million U.S. consumers. Criminals exploited a U.S. website application vulnerability to gain access to certain files. ”
– Equifax

Topics: identity theft, data breach, identity authentication, identity fraud, equifax

CNP to Hit $70 Billion in the Next 5 Years

Posted by Sean Trundy on Thu, Jul 13, 2017 @ 02:57 PM

Retailers are on course to lose more than $70 billion globally to remote “card-not present” (CNP) fraud over the next five years. Despite this fact, retail managers of both large and small operations are under the financially fatal impression that fraud prevention is too costly.

Topics: fraud prevention, cnp fraud, identity authentication, identity fraud

Each New Data Breach Leads to Higher Account Take-Over Losses

Posted by Sean Trundy on Tue, Mar 21, 2017 @ 11:05 AM

TABLE OF CONTENTS
Common ATO Attack Targets
Millennials Seriously Question what Large Institutions Say
Millennials Expect Digital Services – Prefer Mobile

Topics: identity theft, fraud, account takeover fraud, data breach, identity fraud, account takeover

IDentity Theft Continues to Increase in Volume & Value

Posted by Sean Trundy on Wed, Feb 22, 2017 @ 01:36 PM

TABLE OF CONTENTS
CNP Fraud
Identity Fraud via Phishing, Malware, and Social Media
Other Identity Fraud Trends
What Can Business Operators Do?

Topics: identity theft, cnp fraud, identity fraud