Home Case Studies Largest Credit Card Fraud Scheme Uncovered by U.S. Justice Department Highlights Importance of Authentication in Preventing Identity Fraud
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Largest Credit Card Fraud Scheme Uncovered by U.S. Justice Department Highlights Importance of Authentication in Preventing Identity Fraud

A fourth defendant plead guilty in early August to his participation in an identity fraud scam where over 7,000 false identities were created being used to obtain credit cards and lines of credit and ultimately causing $200 million dollars in fraud losses. Lack of proper identity authentication checks allowed the fraudsters to reuse addresses and other information in creating fake profiles and false identity information to obtain credit cards and perpetrate their elaborate, large-scale scam.

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