Home Posts tagged "application fraud"
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New Fraud Practice White Paper Discusses Techniques and Benefits Related to Identifying Low Risk Customers and Applicants

A new white paper from The Fraud Practice titled “Identifying and Streamlining Low Risk Customers or Applicants: Techniques and Benefits” is now available. This free white paper discusses the application of technology and techniques to derive signals of low or reduced risk and the benefits of identifying such orders in terms of conversion and screening

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Mortgage Application Fraud Increases in First Quarter of 2019 as Fraudsters Become More Sophisticated in How They Fudge Their Income

The National Mortgage Application Fraud Risk Index maintained by CoreLogic found a six percent increase in mortgage fraud risk in the first three months of 2019 relative to the first quarter of 2018. Applicants lying about their income have been increasingly more difficult to detect in recent years, employing tactics such as lying about employment

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Comments Off on Application Fraud Cost US Financial Institutions over $2.2 Billion in 2018.
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The Fraud Practice Releases a New Risk Management Technique White Paper Discussing Confidence Indicator Services

“Using Confidence Indicator Services to Enhance Qualification Capabilities in Online Applications” is the latest white paper from The Fraud Practice; released today and available free to download. This white paper defines and discusses Confidence Indicator services in the context of a “digital body language,” which can provide a view and indication of how a consumer

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Comments Off on FTC Focuses on Synthetic Identities as New Account Fraud Continues to Rise.
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Fraudster Posed as Debt Collection Company to Obtain Consumer Identities

A fraudster was sentenced to over 17 years in prison for devising a scam where he registered fake debt collection companies to gain access to consumer PII which he then used to open almost 600 fraudulent credit card accounts. Read More

 
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