Home 2014 April
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250 million stolen credit cards for sale online

According to estimates from fraud prevention startup Trustev, there are 250 million compromised payment card numbers for sale in the online black market. The ease with which fraudsters can obtain this information emphasizes the importance of being able to effectively authenticate and verify identity information provided online. Trustev, an Ireland based startup and fraud prevention

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Heartbleed may have ripple effects on websites and authentication

All organizations need to be thinking about the future of user authentication and the heavy reliance on passwords which may be on the brink of change, and Heartbleed may have been the catalyst. By now we are all familiar with the Heartbleed bug and OpenSSL vulnerability, but the fallout from the breach of information Heartbleed caused is only just beginning. Just about any

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Ping Identity acquires Israeli mobile authentication start-up

US-based Ping Identity, provider of cloud identity management and single-sign on solutions, announced the acquisition of Accells Technologies, a mobile identity and multi-factor authentication provider based out of Israel that was started in 2009. Accells Technologies is considered a pioneer in the mobile authentication space recently winning the Stevie Award for Best New Software Service

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The Fraud Practice Releases White Paper on Using Identity Document Verification to Increase Sales Conversion

To help companies better understand the methods for ID verification, The Fraud Practice has released the “Effective Methods for Using Identity Document Verification to Increase Sales Conversion” white paper, a free resource for merchants, financial institutions, and other organizations in the CNP space, both on the web and mobile. Being able to trust the person

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New Technique Course and Data Sheet on Identity Document Verification

The Fraud Practice releases new online course on the use of identity document verification in a risk program and the current vendor market providing these services. Organizations that are using or considering identity document verification need to understand how it is best applied, where it fits into a risk strategy, as well as the capabilities

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Social media is a gold mine for fraudsters

Visa survey shows 58 percent of consumers are aware of sharing information that could put them at risk. A surprising number of consumers are sharing personally identifiable information via social media platforms to include phone numbers, addresses, mother’s maiden name and even their Social Security Number. It has also been shown that social media users

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Organized cybercriminals use web services to create false scanned documents

Less than $10 can purchase a scan of a false passport, driver’s license, or credit card with online delivery within seconds. Cyber criminals take false identities to a new level through do-it-yourself websites selling scans of fake passports, ID cards, utility bills, and credit cards that fraudsters purchase and use to commit identity fraud. Read

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