Tag: synthetic ID
The sharp uptick in fraud that coincided with the digital evolution made it clear that banks, credit unions, and fintechs need to invest in...
For the last several months, Experian has participated as the only credit bureau in the pilot of the electronic Consent Based Social Security Number...
Recently, I shared articles about the problems surrounding third-party and first-party fraud. Now I’d like to explore a hybrid type – synthetic identity fraud...
Synthetic identity fraud, otherwise known as SID fraud, is reportedly the fastest-growing type of financial crime. One reason for its rapid growth is the...
The CU Times recently reported on a nationwide synthetic identity fraud ring impacting several major credit unions and banks. Investigators for the Federal and...
In 2015, U.S. card issuers raced to start issuing EMV (Europay, Mastercard, and Visa) payment cards to take advantage of the new fraud prevention...
To combat the growing threat of synthetic identity fraud, Experian recently announced the launch of Sure ProfileTM, a revolutionary change to the credit profile...
This week, Experian released a new version of our CrossCore® digital identity and fraud risk platform, adding new tools and functionality to help businesses...
One of the most difficult parts of combating fraud is the ability to distinguish between the variety of fraud types. To properly manage your...
This is the next article in our series about how to handle the economic downturn – this time focusing on how to prevent fraud...
Sometimes, the best offense is a good defense. That’s certainly true when it comes to detecting synthetic identities, which by their very nature become...
Last month, Kenneth Blanco, Director of the Financial Crimes Enforcement Network, warned that cybercriminals are stealing data from fintech platforms to create synthetic identities...
It’s Halloween time – time for trick or treating, costume parties and monsters lurking in the background. But this year, the monsters aren’t just...
Experian is excited to have been chosen as one of the first data and analytics companies that will enable access to Social Security Administration...
Experian has been named one of the 10 participants, and only credit bureau, in the initial rollout of the SSA's new eCBSV...
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