Fraud Prevention Blog

Oct, 1 2014- Newest Identity Fraud Scam

Posted by Alisha Acosta on Wed, Oct 01, 2014 @ 08:00 AM

 Tax refund fraud is another form of identity theft that has recently afflicted the IRS. Recently 60 Minutes featured a piece discussing this costly scam that has been targeting the IRS.  It’s quite alarming that the Internal Revenue Service, the government agency that is responsible for tax collection and tax law enforcement, had accrued, according to 60 Minutes, over 5 billion dollars of losses due to this tax refund scam. Isn’t there some type of verification system that they implement to prevent such fraud from occurring?

Topics: identity theft, fraud protection tips, Whitepaper, fraud news, fraud prevention protection

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

Breakthrough Practices in Identity Authentication

Posted by Gary Satanovsky on Fri, Oct 15, 2010 @ 07:49 AM

Rounding out our October spotlight on identity fraud and identity authentication, we have recently published a comprehensive white paper report presenting a 360-degree perspective of the issue, and the most cost-effective solutions. Below are some highlights from from the paper. You can download the entire report free at http://www.fraudfighter.com/financial-whitepaper. Complementing the paper, we are also presenting a 60-minute webinar on the "Breakthrough Practices in Identity Authentication" that will reduce losses to fraud and facilitate compliance with financial regulations.

A Plethora of ID Types

Topics: verification of ID, Whitepaper, bank secrecy act, Webinar