Account opening fraud is a growing concern, especially for financial institutions. Being able to distinguish between legitimate users and fraudsters is critical to Know Your Customer (KYC) requirements.
Synthetic identity fraud is a $20B problem, but it’s not impossible to prevent. We break down the 2 telltale signs. As it turns out, too much information is just as suspicious as not enough when it comes to detecting constructed identities.
For years, criminals have stolen and exploited consumers’ personal data. It’s time we make that same data work for us in the fight to prevent fraud.
Despite being one of the oldest tricks in the cybercrime playbook, BEC scams comprised 43% of all losses in the US last year compared to 1% from ransomware.
We dive into the creative ways criminals are targeting the convenient ecommerce features that were designed to benefit customers during the pandemic. At the core of it all is stolen data.
Criminals are using stolen credentials and PII to impersonate unemployed workers, diverting the funds from benefit claims into their own pockets. With $26 billion at risk, we provide recommendations for government agencies, fraud teams, employers and individuals on how to stop the bleed.
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