Credit Fraud news and trends

Atlanta Fed: EMV Shift Will Increase Check And Credit Fraud
News // March 17, 2015

With the transition to EMV chip payment cards just months away, online merchants are bracing for an expected surge in eCommerce fraud. But two other kinds of financial crime that’s likely to increase: those involving checks and bank account applications, according to a security expert...

2014 Brought $16 Billion In ID Theft Fraud
News // March 04, 2015

$16 billion was stolen from 12.7 million identity fraud victims in 2014 — and that was an improvement, according to a Javelin Strategy study released on Tuesday (March 3). Despite the number of high-profile data breaches last year — including cyberthefts at retailers Home Depot,...

Dutch Court Approves Data Hacker’s Extradition to the US
News // February 02, 2015

A Dutch judge has approved the extradition of a Russian man accused of a multi-million dollar corporate hack to the US. The Hague District Court ruling would now allow for the Russian hacker Vladimir Drinkman who has been accused of stealing more than 160 million credit...

Quick Reads
Atlanta Fed: EMV Shift Will Increase Check And Credit Fraud

March 17, 2015
With the transition to EMV chip payment cards just months away, online merchants are bracing for an expected surge in eCommerce fraud. But two other kinds of financial crime that’s likely to increase: those involving checks and bank account applications, according to a security expert at the Federal Reserve Bank of Atlanta. “Well before the […]

2014 Brought $16 Billion In ID Theft Fraud

March 04, 2015
$16 billion was stolen from 12.7 million identity fraud victims in 2014 — and that was an improvement, according to a Javelin Strategy study released on Tuesday (March 3). Despite...