Fi911

JUNE 20, 2025

Synthetic identity fraud represents the fastest-growing financial crime in the United States, yet many financial institutions still struggle to detect it. Unlike traditional identity theft where criminals steal existing identities, synthetic identity fraud involves creating new identities by combining real and fabricated information.

Identity Theft 52

Identity Theft Verification Database Authentication 52

VISTA InfoSec

FEBRUARY 25, 2024

These commonly breached records include: Personal Information Names, addresses, phone numbers, Social Security numbers, driver’s license details, passport numbers, patient healthcare records, insurance policy information, financial statements, etc. But some data types see higher breach rates than others.

Data Breach 272

Data Breach Breach Multifactor Authentication Cybersecurity 272

PYMNTS

SEPTEMBER 11, 2017

Equifax, the credit scoring company that suffered a data breach that impacted as many as 143 million Americans, is blaming a vendor software flaw in its online databases. According to Equifax, the impacted information includes names, Social Security numbers, birthdates, addresses and, in some instances, drivers’ license numbers.

Database 66

Database Breach Identity Theft Data Breach 66

Segpay

NOVEMBER 26, 2024

typing speed, location data), with authoritative databases or records. With the rise of online transactions, digital services, and remote operations, verifying identities online has become critical. Digital identity verification allows users to complete verification remotely.

Verification 111

Verification Identity Theft Due Diligence Money Laundering 111

PYMNTS

JUNE 22, 2020

And for the customers, there’s the rabbit hole of trying to prove that the bad guys co-opted their names, social security numbers and other data. Against that backdrop, FIs must walk a tightrope, balancing customer security with the customer experience, minimizing onboarding friction while meeting regulatory requirements.

Identity Theft 77

Identity Theft Database Account Takeovers Issuers 77

VISTA InfoSec

JULY 5, 2023

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! Healthcare data security includes protecting medical , financial , and personal data. million between May 2020 and March 2021.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

Stax

NOVEMBER 27, 2023

This includes their name, date of birth, address, and identification number (such as a social security number). law through the Patriot Act, and requires financial institutions to “form a reasonable belief that it knows the true identity of each customer.” This legal requirement was codified into U.S.

Due Diligence 88

Due Diligence Money Laundering AML Financial Crimes 88