Fraud & Identity Management

Experian analyzes e-commerce fraud attack rates bi-annually. The 2016 e-commerce fraud attack rates look to be at least 15% higher than last year’s total.

CNP fraud accounts for 60%-70% of card fraud in many countries & is increasing. US merchants/card issuers likely will see rise in CNP fraud w/EMV migration

Unfortunately, identity theft can happen to anyone and has far-reaching consequences for its victims. According to the US Department of Justice (DOJ)’s most recent study, 17.6 million people in the US experience some form of identity theft each year. This includes activities such as fraudulent credit card transactions or personal information being used to open unauthorized accounts. The most obvious consequence that identity theft victims encounter is financial loss, which comes in two forms: direct and indirect. Direct financial loss refers to the amount of money stolen or misused by the identity theft offender. Indirect financial loss includes any outside costs associated with identity theft, like legal fees or overdraft charges. The DOJ’s study found that victims experienced a combined average loss of $1,343. In total, identity theft victims lost a whopping $15.4 billion in 2014. Beyond money lost, identity theft can negatively impact credit scores. While credit card companies detect a majority of credit card fraud cases, the rest can go undetected for extended periods of time. A criminal’s delinquent payments, cash loans, or even foreclosures slowly manifest into weakened credit scores. Victims often only discover the problem when they are denied for a loan or credit card application. Last year, Experian found that these types of fraud take the longest time to resolve. Identity theft doesn’t just impact victims financially; it also often takes a significant emotional toll. A survey from the Identity Theft Research Center found that 69 percent felt fear for their personal financial security, and 65 percent felt rage or anger. And, almost 40 percent reported some sleep disruption. These feelings increased over time when victims were unable to settle the issue on their own, according to the report, which can result in problem as work or school, and add stress to relationships with friends and family. Thankfully, consumers are getting smarter about the best ways to protect their information, like using monitoring services or following security best practices. How are you protecting yourself against identity theft? Learn more about our Identity Protection Services

Minimize identity fraud risk, increase customer engagement & provide a good customer experience by shifting to an ID relationship management strategy

Experian selected as one of the leading players in the fraud detection and prevention space in Juniper Research’s Online Payment Fraud strategies report.

Experian defines how businesses should approach Identity Relationship Management for user authentication and devices to enable better fraud protection.

Bank executives don’t realize is they’re facing fraud because they’re literally inviting the fraudsters in bank branches.

Experian’s annual global fraud report reveals trends that can help organizations mitigate fraud and improve the customer experience

In an attempt to stay ahead of fraud, systems have become more complex, more expensive and more difficult to manage, leading to more customer friction

We are excited to announce that Experian Fraud and Identity Solutions will be presenting at Finovate Fall 2016!

First annual global fraud report covering the convergence of growth strategies and fraud threats and prevention. 

Many fraud and compliance teams are struggling to keep pace with new business dynamics.

In an attempt to stay ahead of the speed of fraud, systems have become more complex, more expensive and even more difficult to manage.

Securing systems from the Internet of Things - Credit Cornerstone

Experian®, today announced that it has been included in Forrester’s 2016 “Vendor Landscape: Mobile Fraud Management Solutions” report