Fraudsters create synthetic identities to impersonate legitimate businesses and can bust out with thousands of dollars in credit before being caught. In this month’s Monetizing...
Identity fraud is one of the most well-known forms of cybercrime, with 15 million Americans experiencing it each year. Still, there is an even more...
Digital fraud is a constant challenge for organizations, as bad actors are deploying a plethora of methods to steal data, funds and other valuables. One...
Stolen identities are available for as little as $8 on the dark web, making new account fraud more commonplace and usernames and passwords an ineffective...
Customer onboarding must be seamless, effective and satisfactory for customers. Still, these objectives often run into the other major goal of customer onboarding: weeding...
In today’s top news, Beijing is holding a $6.2 million lottery to pilot its digital yuan, and Mitek has acquired ID R&D to expand its...
Following a consensus from a panel of industry fraud experts, the Federal Reserve is introducing a uniform definition of what constitutes synthetic identity fraud (SIF)....
The banking industry faces many day-to-day business challenges, including competition with digitally native FinTechs and the ubiquitous social distancing restrictions brought on by the pandemic....
Fraudsters leverage an array of schemes to conduct financial crimes, including digital methods like botnets and brute force hacks as well as old-school ones like...