Cat hidden in a roll of paper
  • Internet Fraud, Identity Fraud

Don’t Forget Context in Fraud Prevention Efforts

Every day I read about data breaches, identity theft rings, malware, and other security risks that impact individuals and businesses alike. For individuals in the identity verification and fraud prevention industries it is easy to become paranoid. The reality is that it is impossible to completely eliminate the risk of fraud; the good news is that you (probably) don’t have to.

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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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Questioning the Boss
  • Identity Fraud, Security

Questioning the Boss to Prevent Theft?

There has been a growing trend recently of cyber thieves committing high value thefts by spoofing the e-mail accounts of c-level executives to initiate unauthorized international wire transfers. These e-mails typically appear to come from the CEO or CIO, requesting that an employee perform a wire transfer....

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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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Football Players on the Defense
  • Identity Fraud, Identity Verification

In Defense of KBA

Knowledge Based Authentication (KBA) has been getting a bad rap, largely related to the IRS breaches in both 2013 and 2015. Aside from the IRS breaches, there have also been failures associated with static KBA that contribute to criticism of KBA. What critics of KBA have failed to realize is that any tool will fail when it is not used correctly.

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