Touching Hands
  • Fraud Prevention, Identity Fraud, Internet Fraud

Fraud in Times of Crisis

I addition to the usual type of disaster-related frauds, a recent uptick in targeted phishing attacks (spear phishing an whaling) has been observed in the wild seeking to compromise business e-mail accounts. With a record number of employees working remotely due to the current crisis, the threat of compromised e-mail credentials is greater than ever.

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Two people using phones over coffee
  • Fraud Prevention, Identity Verification

A Simple Method of Verifying Identity through Phones

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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Runners at the starting line
  • Fraud Prevention, Internet Fraud

Jumping the Gun in Identity and Security

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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Woman calling into call center
  • Fraud Prevention, Identity Fraud

Call Centers Need to Address Growing 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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Man making purchase on ecommerce site
  • Internet Fraud, Fraud Prevention

Card-Not-Present Fraud is Spiking, Here’s Why

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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