EVS Blog

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.

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.

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....

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%.