Keep informed, stay ahead
GIACT® Donates Identity and Account Verification Services to the Brave of Heart Fund, Supporting Families of Frontline Healthcare Workers and Volunteers
"GIACT today announced the donation of its identity and account verification services to the Brave of Heart Fund. Created by the Foundations of New York Life and Cigna, the Fund provides charitable financial and emotional support to the families of frontline healthcare workers and volunteers who lose their lives in the COVID-19 fight."
GIACT® Finds Increased Risk for FIs, Businesses and Consumers as Identity Fraud Tactics Take New Forms
Today announced a new report, The Changing Landscape of Identity Fraud: Fraudsters Strike Back, detailing five of the most urgent identity fraud trends. The fraud prevention specialists at GIACT developed the report using the latest analysis, reports and filings, to inform financial institutions, businesses and consumers about what challenges lay ahead.
The Changing Landscape of Identity Fraud: Fraudsters Strike Back
GIACT sees increasing risks for financial institutions, businesses, and consumers as shifting fraud tactics and demand for real-time delivery create new challenges for the payments ecosystem.
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.
[Webinar] Cybersecurity in 2020: Stopping the Surge of Business Email Compromise
Join Howard Forman, Senior Vice President and Head of Commercial Digital Channels at PNC Bank, David Barnhardt, Chief Experience Officer at GIACT for a live webinar at 1 PM ET, Thursday, July 9, to discuss the latest data surrounding BEC attacks, including statistics, tactics, and proven defense mechanisms.
The Paycheck Protection Program: Preparing for Round Two
Congress is poised to approve additional funding for the PPP in the next stimulus package. Considering how quickly the SBA ran out of funds for the first round, small businesses and financial institutions are well advised to prepare now for the next round. What can lenders and potential borrowers do to better their odds of success in round two?
OpEd: Coronavirus digital pay spike invites account takeover fraud
As digital transactions during the coronavirus crisis surge, account takeover will be used to access goods and services without much resistance. Fraudsters will look to hide in numbers, especially when purchasing in-demand items that they can resell.