Fraud Prevention Blog

Why New Account Fraud's Financial Mayhem Will Only Get Worse

Posted by Stephanie Cho on Thu, Mar 09, 2017 @ 10:57 AM

TABLE OF CONTENTS
What is New Account Fraud?
New Account Fraud Stats
The Link between Identity Theft and New Account Fraud
Why New Account Fraud is so Attractive to Criminals
Why New Account Fraud is Difficult to Detect
New Account Fraud Prevention Tips

Topics: identity theft, fraud, application fraud, data breach, new account fraud

Why Identity Theft is More Problematic Than Ever

Posted by Stephanie Cho on Mon, Feb 29, 2016 @ 01:42 PM

If preliminary estimates hold steady, the amount of fraud victims and the total amount lost to fraud in 2015 is virtually indistinguishable to the amount of fraud victims and the total amount lost to fraud in 2014. While it’s good to know that the rate of and the amount lost to fraud has not increased, it is actually quite worrisome that fraud figures have not decreased from 2014 to 2015.

Topics: identity theft, tax fraud, fraud, emv, data breach, new account fraud