More Than 1 Million US Children Fell Victim to Identity Fraud in 2017
A recent study revealed that more than 1 million children living in the U.S. fell victim to identity fraud in 2017, costing families $540 million.
New Fraud Statistics Show Rising Volume of Identity Theft
New fraud statistics from Cifas revealed a drop in overall fraud reports even as online identity theft rises.
Cybercriminals Use Old-School Tactics to Exploit Credit Card Chip Security
Credit card chip security has improved, but that hasn't stopped cybercriminals from using old-school methods such as mail interception to leverage chip-and-PIN technology for their own gain.
Millennials Reported More Cases of Identity Theft Than Senior Citizens in 2017
The Federal Trade Commission (FTC) received more identity theft reports from millennials in 2017 than they did from senior citizens, according to a recent report.
EMV Adoption Improves Credit Card Fraud Protection by 70 Percent, Study Finds
Increased EMV adoption is putting a dent in credit card fraud protection efforts, but cybercriminals continue to exploit security gaps in financial and retail organizations to steal card details.
You Don’t Have to Sacrifice Security for Convenience to Establish Digital Trust
In an age of limited physical interaction, organizations need a way to establish digital trust without compromising the user experience.
How Cybercriminals Use Money Mule Accounts to Profit From Online Fraud
As cybercriminal tactics evolve, banks must employ fraud detection solutions that leverage artificial intelligence to evaluate new registrations for signs of money mule activity.
Identity Fraud Affected 16.7 Million U.S. Consumers in 2017, Report Reveals
According to a recent report, the number of identity fraud victims rose by 8 percent to 16.7 million U.S. consumers in 2017, due in large part to a surge in account takeover attacks.
Why Device ID May Not Be Enough to Stop Fraud
To defeat increasingly sophisticated fraudsters, security teams should pair their fraud detection tools with a device ID spoofing mechanism that automatically adapts to new threats.
New Year, New Account Fraud: Identity Theft May Be Holding Back Your Customer Experience Resolutions
Financial institutions looking to improve the customer experience in 2018 should implement multilayered security solutions to crack down on identity theft and detect new account fraud.