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GIACT® Releases Report on 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.
Automotive Industry Suffers from New Identity Fraud Threats, GIACT® Report Explains
"As the car buying process increasingly moves online, coupled with the evolution and migration of fraud to high-value targets, the automotive industry is under threat from newer, more sophisticated forms of identity fraud."
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.
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.
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.
Education, White Papers,
Best Practices to Reduce Identity and Payments Fraud in the Education Sector
In a sector increasingly targeted by costly fraud schemes, educational institutions need strong account validation measures.
Synthetic Identity Fraud is Rising. GIACT’s Fighting Back.
Of all the fraud vectors plaguing the payments industry, synthetic identity fraud is one of the most concerning. Unlike card-present fraud, which is on the decline due to the widespread adoption of EMV technology, synthetic fraud is on the rise. Worse yet, traditional fraud models are ill-equipped to even identify it.