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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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 Vaping
  • Age Verification, Legislation

FDA Releases Deeming Rule, Uncertainty Remains

The deeming rule subjects these categories of “tobacco products” to the applicable provisions, requirements, and regulations associated with The Federal Food, Drug, and Cosmetic Act (FD&C), as amended by the Family Smoking Prevention and Tobacco Control Act (TCA)....

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Outside the Law
  • Legislation, Internet Fraud

Thinking Outside the Law

When it comes to business, shouldn’t business owners do all they can do protect both their investment (the business) and their customers? After all, there are no laws or regulations that mandate security cameras, alarms or even locks on doors…but most businesses have these physical security devices in place.

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Family Savings
  • Identity Verification, Legislation

New Guidance on CIP Rule Application for Prepaid Cards

Last week FinCEN (the Financial Crimes Enforcement Network) and federal banking agencies released new guidance for how the CIP (customer identification program) requirements of the Patriot Act are to be applied to prepaid cards.

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