Red Cell - Security Intelligence

Identity theft takes many different forms. The unregulated nature of social media platforms provides cybercriminals a veritable playground of criminal activity to choose from. Fraudsters can breach users' bank accounts and more through social media.

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Identity Theft and Social Media: How Are They Related?

Social media has created many new ways for people to interact. While this can be viewed as exciting, it also leaves users vulnerable to identity theft.

August 5, 2016 | By Erin O'Loughlin

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Robocalls continue to plague victims across the U.S., despite the fact that the FTC has begun cracking down on the annoying and sometimes criminal behavior. Still, people who aren't careful may find themselves falling victim to robocall scams.

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Look Who’s Calling: The Rise of the Robocalls

The FTC is fighting back against annoying and criminal robocalls, which have been made possible thanks to the growth of voice-over-IP (VoIP) technology.

July 14, 2016 | By Erin O'Loughlin

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Buy-and-ship automobile fraud schemes usually consist of criminals creating synthetic identities and using those profiles to purchase vehicles and have them shipped to a foreign destination, thereby swindling automakers out of thousands of dollars.

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IBM Red Cell Research: Vehicle Buy-and-Ship Fraud Schemes Use Synthetic Identities

Criminals may use synthetic identities to execute buy-and-ship fraud schemes, purchasing cars with false details with no intent of paying.

February 26, 2016 | By Steven D'Alfonso

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There are many ways fraudsters could put together malicious charity fraud schemes that attempt to trick victims into handing over money. Consumers need to watch out for common schemes this holiday season, especially in light of recent crises.

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Charity Fraud Trifecta: Phishing, Vishing and Smishing

The holiday season is upon us and charity fraud is a concern once again, just as it has been in the past. Here's what consumers need to know.

December 3, 2015 | By Steven D'Alfonso

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Tax refund fraud is costing Americans billions of dollars each year, and the losses are only predicted to grow. Monitoring for malicious activity and preventing the fraud from occurring in the first place is possible but requires a join effort.

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Why Tax Refund Fraud Losses Are Growing Rapidly

Tax refund fraud is catching the attention of cybercriminals, who are committing identity theft to claim a piece of this billion-dollar industry.

August 27, 2015 | By John O'Neill

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Financial institutions must watch out for threats on all sides. This is most easily done through threat intelligence sharing and collaboration, but few organizations have fully embraced these developments and enacted proactive changes.

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The Rising Threat of Attacks and How Organizational Silos Enable the Fraudsters

Successfully reducing the threat of financial crime requires collaboration and intelligence sharing across different financial institutions.

July 10, 2015 | By Troy Pugh

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Government agencies have made strides to fight Medicare fraud and other types of fraudulent activity targeting the health care industry. Much of the effort stems from the use of intelligence technology and other analysis tools to recognize anomalies.

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Medicare Fraud Laws and Common Fraud Schemes

Private enterprises can learn a lot from agencies tied to the health care industry, some of which are leveraging analytical tools to curb Medicare fraud.

July 6, 2015 | By Steven D'Alfonso

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Card cracking is growing in popularity across the U.S. after originating in Chicago. This scheme uses social media profiles and followings to encourage account holders to participate in fraud, and its unique nature is preventing widespread prevention.

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Leveraging Social Media for Card Cracking

Card cracking, also know as card popping, is a relatively unsophisticated debit card fraud scheme flying under the radar at financial institutions.

May 21, 2015 | By Chad Barnes

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Tax season is coming to an end, resulting in many Americans realizing they have been the victims of tax fraud. Criminals are stealing Social Security numbers and dates of birth and then filing fraudulent claims on behalf of their victims.

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Stolen Identity Tax Refund Fraud: Who Is Getting Your Refund?

Stolen identity tax fraud is a growing problem in the United States as criminals steal victims' PII and file returns on behalf of them.

April 14, 2015 | By Brooke Satti Charles

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Cybercriminals can use personally identifiable information to run unemployment insurance fraud scams. State agencies can use a variety of fraud detection solutions in order to better detect when something isn't right with an unemployment claim.

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Using Identity Theft for Unemployment Insurance Fraud

Unemployment insurance fraud is often an undetected way cybercriminals can reap financial benefit from an identity stolen from a data breach.

March 25, 2015 | By Chad Barnes

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