- Fraud Prevention, Identity Verification
One-time authentication codes through SMS (text messages) have been used for a while as a method of ongoing authentication, but have traditionally been of little use for verifying the identity of a new consumer...
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- Fraud Prevention, Internet Fraud
With the mainstream coverage of breaches, hacks, and identity fraud over the past few years it should be no surprise to see massive amounts of VC funding being funneled to new technology solutions that promise the solution. The rush to market for these solutions may be contributing to the problem more than solving it, however.
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- Fraud Prevention, Identity Fraud
A report issued last month reported a 45% increase in call center fraud between 2013 and 2015, along with an increase of losses from fraudulent call center transactions of 14%. This includes an increase in domestic fraud calls (calls originating from within the targeted country increased from 36% to 51%.
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- Internet Fraud, Fraud Prevention
While the current switch to EMV in the US is certainly part of the reason for increasing CNP fraud, there are other factors that have also contributed to the spike. Key factors for the increase include the general growth of Ecommerce, the rising popularity of E-gift cards, and the increased use of in-store pickup.
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- Compliance, Legislation, Fraud Prevention
In the past years, the United States decided to enforce compliance procedures in an effort to decrease fraud and contributions to terrorist activities. EVS’ IdentiFraud Compliance System can be easily customized to include a wide variety of features to best fit a company’s needs.
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