Fraud Prevention Blog

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

Would your employee catch this fake ID?

Posted by Alisha Acosta on Thu, Jun 18, 2015 @ 08:48 AM

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.

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

Identity Theft and Loss Prevention

Posted by Sean Trundy on Mon, May 04, 2015 @ 08:00 AM

When an identity is stolen, the damage can extend far beyond the credit report of the victim. When the identity is used to procure credit or services, the companies that do business with the stolen identity are secondary victims. In lawsuit settlements, it is rare for a victim to recover more than 10% of the goods and services stolen by the time one considers the legal fees and the frequent inability of the defendant to pay. For Small to Medium Businesses (SMBs), these costs can become crippling and are always detrimental.

Topics: verification of ID, authenticating drivers licenses

Identification Verification; A Simple Tactic to Prevent Fraud Losses

Posted by Alisha Acosta on Fri, Jan 23, 2015 @ 08:12 AM

    At some point, every business should ask itself, “What is the easiest way to prevent fraud from occurring at my business?”
What if there was one technique that could be the ultimate fraud prevention method? 
Well there is.

Topics: identity theft, verification of ID, counterfeit ID, ID Verification

New Changes to Credit Cards to Prevent Credit Card Fraud

Posted by Alisha Acosta on Mon, Jan 12, 2015 @ 08:00 AM

      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.

Topics: verification of ID, credit card fraud, authenticating drivers licenses, ID Verification

Sept, 17 2014 - FraudFighter Joins Battle Against Sex Trafficking

Posted by Alisha Acosta on Wed, Sep 17, 2014 @ 08:00 AM

Fake_IDThe usage of fake IDs in an in environment like a Gentlemen’s Club typically is for underage drinking or illegal entry. We do not normally associate the use of fake IDs at’such clubs in order to get a job. Although not a common occurrence in the Gentlemen’s Club industry, the hiring of underage performers is an issue that has recently surfaced in the public eye.A recent case in Florida, in which a 13 year old girl was hired as a performer under a fake ID, has brought the industry under scrutiny for permitting sex trafficking practices to occur under their watch. This is not a common occurrence within the industry but one isolated incident is enough to blemish an industry’s reputation.

 

Topics: verification of ID, authenticating drivers licenses, counterfeit ID, ID Verification

Oct 22, 2013 - Nuclear Power Plants & ID Authentication

Posted by Sean Trundy on Tue, Oct 22, 2013 @ 10:38 AM

Our nuclear plants have become like mini-fortresses following 9/11. Concerns over attacks on land or of targeted aircraft crashes led to the proposal of numerous new safety laws and regulations; the overriding focus being on the threat from without. All this focus on external forces however has missed the largest threat to nuclear power plant safety that actually has manifested itself. And it came from within.

Topics: identity theft, verification of ID, authenticating drivers licenses, counterfeit ID

May 21, 2013 - Using FraudFighters to verify ID documents

Posted by Sean Trundy on Mon, May 20, 2013 @ 12:13 PM

Faced with the extraordinary challenge of trying to bring a financial services operation into compliance with Federal Regulations, many professionals tasked with managing this issue are struggling to find the answer.

Topics: verification of ID

Apr. 01, 2013 - Red Flag Rules - Myths & Misconceptions

Posted by Sean Trundy on Mon, Apr 01, 2013 @ 09:19 AM

Topics: identity theft, red flag rules, verification of ID

Organized Retail Theft - a $30 Billion-per-year Problem

Posted by Sean Trundy on Mon, Mar 19, 2012 @ 02:00 PM

Most loss prevention and asset management personnel make the mistake of thinking that shrinkage only comes from outside shoplifters. However, organized retail theft is growing, resulting in estimated losses of anywhere from $15 billion to $30 billion per year for supermarkets, chain drug stores, independent pharmacies, mass merchandisers, convenience stores, and other retailers. In fact, around 90 percent of retailers have been victims of these theft rings! This isn't the work of average, petty shoplifters; on the contrary, this is the work of professional theft rings that travel across state lines to pilfer large amounts of merchandise and resell it. Even worse, these theft rings utilize employees on the inside to help steal goods right out from your nose.

To prevent organized retail theft, there are a few things you can do that all require arming yourself with knowledge - about your employees, your customers, and theft rings themselves.

Topics: verification of ID, fraud protection tips, Whitepaper, fraud prevention protection, fraud prevention