Tag: synthetic identity fraud
In today’s digital-first environment, fraud threats are growing in sophistication and scope. It’s critical for credit unions to not only understand the specific threats...
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...
Preventing fraud losses requires an understanding of each individual fraud type—including third-party, first-party, synthetic identity, and account takeover fraud—and how they differ from one...
It’s obvious that 2020 was a year of unprecedented change and created brand new opportunities for fraud. In 2021, fraudsters will continue to iterate...
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...
Fraud – it’s a word that comes up in conversations across every industry. While there’s a general awareness that fraud is on the rise...
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...
Experian’s Chris Ryan and Bobbie Paul recently re-joined David Mattei from Aite to discuss how emerging fraud trends and changes in consumer behavior will...
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...
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