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Application Fraud – From Identity Theft to First-Party Fraud

FICO

Identity theft is growing at an exponential rate, leading to a rise in application fraud. Javelin Research reported a 17% rise in reported US identity theft victims , from 13.1 Identity theft, also known as third-party fraud losses, is just the tip of the iceberg. million to 15.4 Am I missing a topic?

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Best Practices in Fraud Management: Q&A with Bob Shiflet

FICO

In this blog, Bob shares insights into best practices he’s found for creating a culture of fraud prevention. Actually, application fraud and identity theft were the primary fraud risk concerns back in the early to mid-‘90s. Best Practices in Establishing Your Fraud Risk Appetite.

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Best Practices for Fighting Subscription Fraud in the Telecom Industry

FICO

Techniques for thwarting identity theft are ineffective at predicting fraudsters that want to game the system in their own name. In this blog post I will look at: The growing problem of subscription fraud. Here are 4 best practices to fight subscription fraud. cell phone service). by Fernando Lopez.

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PCI DSS Compliance in Healthcare

VISTA InfoSec

With the proliferation of people paying hospital bills and health insurance using credit and debit cards, the risk of identity theft has also augmented exponentially! In this blog post, we’ll delve into the significance of PCI DSS compliance in healthcare and explore how it helps protect patient data and privacy.

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Why Do Fraudsters Use Synthetic Identities?

FICO

This type of fraud is less likely to be traced back to the perpetrator, but it is also self-limiting in that the fraudster needs access to a unique identity and related dataset in order to commit the crime. Keen to find a way around these limitations, fraudsters are increasingly turning to a third method – synthetic identity fraud.

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Why Layering Is Going Out Of Fashion In Consumer Authentication

PYMNTS

For those worried about the security of identity in the age of mobile, the last few weeks have not exactly been an encouraging time to be reading the headlines. What we have a responsibility to do is keep things up to date and adopt the best practices for locking the bad guys out.”. Security With Simplicity .

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Biometric Security Crucial for Fraud Protection and CX

FICO

Our survey data shows, that even a little too much friction in the process, especially relating to identity checks, dissuades many customers from completing an originations process. However, this aversion to badly thought-out identity checks extends to use of existing accounts. chevron_left Blog Home. FICO Admin. See all Posts.