Fraud Prevention Blog

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, identity fraud, account takeover, new account fraud

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

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

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

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

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 fraud, identity theft, cnp fraud