Identity & Fraud
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As Buy Now, Pay Later (BNPL) transaction volumes continued to rise through the holiday season, one o [...]
We had an overwhelming attendance and response at this month’s Market Pulse webinar on the rising fi [...]
For our February 10 Market Pulse webinar, we discussed Buy Now, Pay Later and their effect on consum [...]
Buy Now, Pay Later (BNPL) financing is soaring in popularity this holiday season. Consumers are usin [...]
Recent Articles
The more digital the world becomes, the more opportunities there are for fraud to sneak in. This can lead to many unanswered questions for c [...]
Powering the world with knowledge For borrowers and lenders alike, the last two years have been a time of change. There has been a shift in [...]
The boom of BNPL and the fraud that comes with it Everyone is talking about Buy Now, Pay Later as the boom continues. The value of BN [...]
Time to stop fraud in the insurance world Annually, in the P&C insurance world there is $40 billion in fraud. What used to be difficult [...]
Optimized trust enables organizations to find, reach, and approve ideal customers in familiar and unexpected places. In this recap of our No [...]
Necessity is the mother of invention. Just ask banking, fintech, and retail businesses, many of which compressed a decade of e-commerce inn [...]
We are living in a digital-first world and trust is more than secure transactions. During our November 11 Market Pulse: Optimizing Trust in [...]
In this recap of our May 6 webinar, “Market Pulse: Growth Amid Rising Fraud,” Amy Crews Cutts, President and Chief Economist at AC Cutts &am [...]
“Losses due to identity theft increased by 42% from 2019 to 2020 primarily due to the COVID-19 pandemic. Aite Group estimates that losses fr [...]
Identity Fraud Accelerates in 2020 The year 2020 was a heyday for online fraudsters. There are a couple of reasons why. First, consumers we [...]
Are you monitoring for undisclosed debt throughout the loan closing process? The high-risk blind spot in the origination process is k [...]
"The truth is, your identity has already been stolen. More than 800 million security breaches have occurred, and we have only about 320 mill [...]
Identity Resolution is at the Core In today’s digital world, identity resolution is more critical than ever. Whether consumers want to buy [...]
New Legislation Helps State Workforce Agencies Prevent Unemployment Fraud and Benefit Overpayments Signed into law on December 27, 2020, ad [...]
Consider Performance Criteria, Algorithms and Labeled Data Fraud prevention is a challenging task, given the mercurial nature of the proble [...]
Assessing a Consumer’s Identity is Not as Simple as Reviewing a Document and Putting a Score on it. The concepts of credit and fraud scores [...]
Welcome to our blog series on leveraging the power of data and analytics to maximize identity results. In my previous article, I shared how [...]
It has never been more important for businesses and consumers to trust who they're doing business with. Everyone knows the adage, “trust is [...]
New federal funds aimed at helping state workforce agencies prevent unemployment fraud and benefit overpayments The U.S. Department of Labo [...]
More data sources is only part of the equation In the era of big data, it is often thought that more data is better, but that's not [...]
Investments in Data Can Help Accelerate Support to Newly Needy Residents Counties spend a significant amount of time and resources to help [...]
Data is the New Soil Someone once said: “Data is the new oil.” Then someone else said: “No, data is the new soil.” Any way you look [...]
Businesses and Fraudsters Are Adapting The global pandemic of COVID-19 is pushing both businesses and fraudsters to adapt. While the d [...]
Many auto lenders and dealerships are aware of the general risks associated with fraud. However, synthetic identity fraud is especially impo [...]
Authentication Strategies for Today’s Digital Age Carefully orchestrated authentication and identification strategies are critical in today [...]
Financial institutions are struggling to keep up with evolving fraud tactics. They tell us their top areas of concern are new account fraud, [...]
I grew up watching various science fiction drama TV shows and recall one particular character that could shape-shift. He would shape-shift i [...]
Equifax recently joined forces with Infutor, an industry leader in consumer identity management. To help customers and prospects understand [...]
The financial sector might see the worst of it, but no business with an online presence is immune to the threat of malicious bots. In fact, [...]
Approximately $12 billion has been stolen by identity thieves over the past six years[i], and consumers are increasingly aware of its risks. [...]
Synthetic Identity Fraud is a Growing Threat We've said it before, and we'll say it again: Synthetic identity fraud is one of the most cunn [...]
Losses from Synthetic Identity Fraud are Increasing Most of us are familiar with the fable from Greek storyteller, Aesop, about the boy who [...]
Technology and better security measures are making it more difficult for card counterfeiters to beat the system. So today’s criminals are tu [...]
John Ray, Enterprise Fraud & Identity Analytics Leader, presented “Evolution of Identity” at the Equifax Spark 2019 conference. For more [...]
Online consumers can make their purchase with various payment options, like credit card, Apple Pay or PayPal. As a result, insurers feel pre [...]
Insurers Want to Give Customers a Better Digital Experience Insurance companies want to provide their customers with a frictionless digital [...]
Identify Theft is on the Rise -- Costing the Insurance Industry Billions During Halloween, children and the young-at-heart don costumes and [...]
Synthetic IDs are Like Digital Frankensteins Halloween is always a fun time of year. It inspires a childlike excitement in us all when we s [...]
Synthetic ID fraud is difficult to detect because it appears to be an actual consumer applying for an account. Instead, it's a fake identity [...]
Internal threats are a looming problem for both government and private organizations. That’s why government agencies joined Equifax, Carahso [...]
First, the good news: digital commerce is living up to its promise. Consider these numbers: 52% of all e-commerce traffic globally is fro [...]
While brick-and-mortar locations will never fully disappear, consumers continue to make their smartphones the channel of choice for shopping [...]
Communications, Energy, Digital Media Providers Face New Challenges Online and mobile-based platforms are changing how fraudsters operate. [...]
Government agencies face two key challenges: budgets under pressure and programs have to be streamlined to fight off fraud, waste, and [...]
Synthetic identity fraud is a well-organized activity of fraud rings looking for ways to create and then nurture fake identities over a long [...]
We’ve all been there. We try to apply for something or access an account for the first time on our mobile device and get frustrated at the s [...]
What is synthetic identity fraud? Synthetic identity fraud occurs when fraudsters create new, fictitious identities by using different comp [...]
Pathways to Synthetic Identity Fraud Fabricated social security numbers (SSNs) and authorized user abuse are the two main pathways into syn [...]
Practically everything’s digital these days, which can be both good and bad when you’re performing identity verification while activating a [...]
As consumers become more accustomed to interacting with their service providers via mobile and online channels, security becomes a [...]
Fraudsters make the move to account takeover and application fraud schemes It’s been almost two years since the liability for card-not- pr [...]
There’s good news and bad news when it comes to fraud and the growth in technology. The bad news is that fraudsters have easier access to th [...]
You probably know someone who’s had their identity stolen. You may have even been a victim yourself. But what happens when fraudsters steal [...]
The growth of synthetic identity fraud shows few signs of slowing. Data breaches, social media mining, phishing and other schemes [...]
Knowledge based authentication (KBA) has been declared dead many times over the past few years. But what is KBA and what exactly is th [...]
There are as many fraud schemes as there are fraudsters, but they fall into a few general buckets. Here are two of the most common fraud sce [...]