FICO

AUGUST 16, 2019

First-party fraud refers to an applicant or customer’s intention to commit fraud, whether through use of a true, manipulated or synthetic identity. It’s difficult to define the problem and many banking professionals debate the merits of who “owns” the first-party fraud problem — the credit risk group or the fraud group.

Credit Risk 40

Credit Risk Risk Identity Theft Account Takeovers 40

FICO

NOVEMBER 30, 2017

In my previous post on application fraud, we explored the drivers behind the rapid acceleration of identity-based fraud , which includes identity theft / third-party fraud, synthetic identity fraud, and first-party fraud. Managing fraud is a balancing act that starts with knowing your fraud risk appetite.

Risk 82

Risk Fraud Detection Assessments Origination 82

FICO

FEBRUARY 28, 2018

Instead of coding up and alerting on known patterns of how fraud operates, machine learning analytics are sensitive to the complex, multi-variate attributes that predict fraud – whether it’s payments fraud, application fraud, account takeover, mass card compromise, or more. Best Practices in Establishing Your Fraud Risk Appetite.

AI 69

AI Best Practices Identity Theft Account Takeovers 69

FICO

MAY 17, 2019

Next followed a surge in account takeover and identity theft as data breaches make personally identifying information a commodity on the Dark Web. Address the continuum of credit risk and fraud. As the years passed by, fraud evolved to target lower hanging fruit (as it always does).

FBI 75

FBI Credit Risk Identity Theft Law Enforcement 75