Identity Theft

Identity theft is the deliberate use of someone else's identity, usually as a method to gain a financial advantage or obtain credit and other benefits in the other person's name, and perhaps to the other person's disadvantage or loss.

Source: consumer.ftc.gov

Preventing Identity Fraud Comes Down to Effective Use of Data

Preventing Identity Fraud Comes Down to Effective Use of Data
Preventing Identity Fraud Comes Down to Effective Use of Data
November 02, 2022  |  Fraud Prevention

Identity fraud has been growing in recent years and had a notable increase in 2021. Identity theft alone accounted for $56 billion in losses that...

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How Synapse Ensures A Smooth And Secure Authentication Experience Via Behavioral Analytics
How Synapse Ensures A Smooth And Secure Authentication Experience Via Behavioral Analytics
August 01, 2022  |  Authentication

User authentication is a critical tool for any organization that deals in personal or financial information, as identity theft runs rampant in the modern business...

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71% Of Businesses to Add Transaction Alerts, ID Verification to Anti-Fraud Strategies
71% Of Businesses to Add Transaction Alerts, ID Verification to Anti-Fraud Strategies
February 24, 2022  |  Fraud Prevention

Recent data from PYMNTS shows many companies aren’t accepting new business due to a fear of potential fraud. The reasoning behind their hesitance may be...

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Had It With Passwords? Two-Thirds of Consumers Are Done With Antiquated Authentication
Had It With Passwords? Two-Thirds of Consumers Are Done With Antiquated Authentication
February 14, 2022  |  Authentication

The increased global penetra­tion of mobile devices has transformed how consumers transact with their preferred financial institutions (FIs), merchants and service providers. As consumers’ lives...

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PYMNTS Intelligence: The Problems of First- and Third-Party Fraud in the Digital Ecosystem
PYMNTS Intelligence: The Problems of First- and Third-Party Fraud in the Digital Ecosystem
February 08, 2022  |  Fraud Prevention

Digital fraud is a constant threat to banks, businesses, government entities and individuals, and its volume and costs continue to expand, despite the best efforts...

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BOXX Insurance Teams With Equifax for Identity Theft Protection
BOXX Insurance Teams With Equifax for Identity Theft Protection
December 07, 2021  |  Cybersecurity

Cyber insurer BOXX Insurance is teaming up with Equifax to offer $1 million in identity theft protection coverage as holiday shopping gears up for record...

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Digital IDs Make the Great Grocery Balancing Act Possible
Digital IDs Make the Great Grocery Balancing Act Possible
November 01, 2021  |  Authentication

Restaurants and supermarkets are under pressure to deliver food quickly, making it essential to have accurate, real-time online fraud filters and payment security tools to verify...

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Deepfakes Challenge Existing Identity Verification Tech
Deepfakes Challenge Existing Identity Verification Tech
October 21, 2021  |  Cybersecurity

Hollywood-style image manipulation that used to require a huge investment and a team of talented people with above-average expertise can now be attained by anyone...

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