This is how we think
Business Email Compromise: A Global Threat
BEC – defined as a fraud tactic using email to socially engineer an employee to install malware or unwittingly transfer/redirect funds into a fraud operator’s account– is an increasingly sophisticated and difficult-to-spot fraud tactic. Today, losses related to BEC go beyond inattentive employees not paying attention; fraud operators are using malware and other tactics to hack into email servers to enhancetheir traps and their ability to social engineer and target their victims.
Undeliverable As Addressed: The Staggering Cost of Returned Mail
The report highlights the volume of consumer change events and the difficulties associated with keeping up-to-date consumer profiles; the compliance issues that follow undeliverable as addressed items; as well as best practices for implementing a proactive identity monitoring approach to streamline compliance and drastically reduce the number of returns.
Insurance, White Papers,
Threat of Synthetic Identity Fraud for Carriers and Policyholders
Synthetic identity fraud (SIF) is one of the fastest-growing types of financial crime in the U.S. Insurers need to enhance their identity and account validation practices to identify and prevent SIF, protect customer accounts and mitigate losses.
In case you missed it
In Battling Identity Fraud, Finding The (Synthetic ID) Devil Behind The Details
With the advent of chip cards in the United States, fraudsters have been looking for new avenues through which to continue their criminal enterprises. The data is out there now, more than ever before – and, as he said, all stakeholders need to be proactive in the battle.
GIACT and Advanced Fraud Solutions Announce Strategic Partnership
GIACT® Systems and Advanced Fraud Solutions (AFS) today announced a strategic partnership to enhance AFS’s TrueChecks® solution with GIACT’s EPIC Platform® The joint solution gives retailers and other billers the ability to verify account status and investigate any history of account fraud, prior to accepting payment in order to reduce returned items.
Infographic: The Growing Costs of Identity Fraud
The volume of fraud attempts and the cost-per-incident of losses have increased in recent years. According to Javelin Strategy & Research's, 15.4 million consumers in the U.S. were victims of identity theft in 2016 at an estimated cost of $16 billion.
Retail, White Papers,
Theft in the Age of Digital Retail
Unlike shoplifting, no security alarm goes off when identity fraud is committed. In the age of digital retail, particularly in a post-breach world where millions of identities have been exposed, that should alarm most retailers.
Automotive, White Papers,
The Identity Verification Manual
Automotive fraud has spiked. Increasingly, as auto sales have migrated from in-person to online, fraudulent actors have capitalized on the use of false and stolen identities. Dealers and captive auto finance need to enhance identity verification to fight back without adding undue friction to the sales process.
Telecom, White Papers,
Mitigating Mobile Network Fraud with Secure Subscriber Enrollment
In a world increasingly burdened by identity theft, with fake and stolen IDs leading to significant losses for mobile network operators, secure, streamlined subscriber on-boarding is a must.