3 Strategies to Stop Identity Fraud Before it Hurts Your Bottomline
In this feature article, we cover three strategies for stopping synthetic identity fraud.
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Justin McDonald
Aug 15, 20221 min read
Delete Old Gift Registries, Fraudsters Use Them to Harvest Data for Passing KBAs
Default privacy settings for many online gift registries, and the common practice of never deleting them, have created an identity...
Justin McDonald
Jul 25, 20222 min read
Synthetic Identity and New Account Fraud Among the Most Rapidly Growing Types of Attacks
New account fraud attacks increased 109 percent in the US according to Javelin Strategy’s most recent identity fraud study. Meanwhile,...
Fraud Practice
Nov 5, 20212 min read
Number of Disclosed Data Breaches Down 50% but Exposed Records Up 400% in First Half of 2020
While there are some questions around the number of data breaches thus far, 2020 is shaping up to be a record year in terms of number of...
Fraud Practice
Nov 5, 20212 min read
State Unemployment Systems Battered With Breaches and Identity Fraud
The state of Arkansas shut down their unemployment application website which exposed the PII of nearly 30,000 applicants and Illinois...
Fraud Practice
Nov 5, 20211 min read
Massive Wawa Data Breach Puts Unknown Number of Cards in Hands of Fraudsters
Wawa announced a large-scale malware compromise breaching payment cards processed at the pump or inside between March 4 and December 12,...
Fraud Practice
Nov 5, 20212 min read
Application Fraud Cost US Financial Institutions over $2.2 Billion in 2018
Issuing banks and financial institutions lost over $1.6 billion from stolen or synthetic identities used in credit card applications plus...
Fraud Practice
Nov 5, 20211 min read
Consumers More Concerned with Fraud than Overspending During Holiday Season
A recent survey from CaptialOne found that 26 percent of consumers believe Cyber Monday is the riskiest day of the year to shop online...
Fraud Practice
Nov 5, 20211 min read
Couple Serving 5 Years for $1.2 Million in Friendly Fraud
An Indiana couple made over 2,700 purchases from Amazon over the period of a few years, creating new accounts and morphing their...
Fraud Practice
Nov 5, 20212 min read
One Million Victims and $2.6 Billion Loss to Child Identity Theft in 2017
While 19 percent of US adults who were notified of a data breach fell victim to identity fraud last year, more than twice as many...
Fraud Practice
Nov 5, 20212 min read
Number of Records Compromised in U.S...
...Data Breaches Nears All-Time High While Nearly 90 percent Included Victims’ SSNs Nearly 1,600 data breaches occurred in the United...
Fraud Practice
Nov 5, 20212 min read
Uber Sat on Data Breach Affecting 57 Million Users for Over 1 Year
Uber, one of the latest companies to suffer a data breach, is suffering backlash not just for the 57 million user accounts compromised...
Fraud Practice
Nov 4, 20212 min read
As SEC Investigates Yahoo Breach, FTC Reiterates Need for Federal Breach Notification Laws
Following a data breach involving over 500 million accounts and a delay in notifying the public or impacted parties, the Securities and...
Fraud Practice
Nov 4, 20211 min read
Target Reports Cost of Data Breach was $162 Million
The late 2013 data breach impacting 70 million Target customers continues to cost the company which in their latest financial statements...
Fraud Practice
Nov 4, 20214 min read
Side Effects Expected in 2015 and Beyond as EMV Adoption Grows
2015 will likely bring many changes and developments in the payments and risk industries, but none more anticipated than the EMV...
Fraud Practice
Nov 3, 20212 min read
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...
Fraud Practice
Nov 2, 20212 min read
Eleven Florida Identity Tax Return Fraud Ring Members Arrested
Tax refund fraud is a growing crime that costs the federal government billions each year. Eleven members of an identity fraud ring...
David Montague
Nov 2, 20212 min read
U.S. and Canadian Authorities Arrest Members of Identity Theft and Card Fraud Rings
Canada’s Regional Fraud Bureau along with Canadian police departments and the U.S. Secret Service carried out a raid on suspected...
David Montague
Nov 2, 20211 min read
Call Center Agent Copied Customer Card Details, Made Purchases Online
A call center employee working in the UK was arrested after copying credit card information provided to him by customers over the phone...
David Montague
Nov 2, 20211 min read
Retail Sales Clerk Boosts Commission Buying Goods with Fraudulent Credit Cards
A former employee at Saks Fifth Avenue faces felony credit card abuse charges after using fraudulent credit cards opened in the names of...
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