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GIACT Publishes Report on the Hidden Costs of Synthetic Identity Fraud
GIACT Systems today announced the release of a new white paper, The Hidden Costs of Synthetic Identity Fraud, highlighting the emerging threats that synthetic identify fraud (SIF) poses to businesses and consumers.
White Paper: The Hidden Costs of Synthetic Identity Fraud
Synthetic identity fraud (SIF) schemes create identities out of real and fake personally identifiable information (PII). These schemes can be difficult to detect as they combine completely valid information with fictitious, yet established, e-mail and social media accounts, for example. For businesses that rely on static PII as a fraud stopgap, SIF accounts can be extremely difficult to spot and interdict. GIACT’s latest white paper highlights the emerging threats that synthetic identify fraud poses to businesses and consumers.
GIACT On Payments’ $29M Wire Fraud Wake-Up Call
GIACT was interviewed by PYMNTS to discuss a fraudulent wire transfer scheme that resulted in a $29M loss as well as how businesses can better protect against business email scams.
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.
GIACT Announces Automated Identity Monitoring Solution to Optimize Identity Management
GIACT Systems today announced the launch of gIDENTIFY Persistent Monitoring™ – a new identity monitoring solution that automates the monitoring of specific personally identifiable information (PII).
GIACT Names David Barnhardt Chief Experience Officer
GIACT Systems today announced the appointment of David Barnhardt as Chief Experience Officer.
GIACT Recognized for Outstanding Innovation by Tech Titans
GIACT Systems®, the leader in helping companies positively identify and authenticate customers, today announced that it has been recognized by Tech Titans, the largest technology trade organization in Texas, as the 2019 Emerging Company Innovation winner.