Identity and Fraud Focus

2016 Security Risks and Solutions

Security Magazine has released their predictions on technology to watch in security – including fighting fraud – for 2016. One breakthrough is developing an exchange of known frauds across various industries. The article quotes Equifax fraud expert, Gasan Awad, as he discusses Equifax’s experience is setting up and using data exchanges to help our customers detect and prevent fraud. “It’s important [Read More…]

The Fluidity of Credit Card Fraud

Equifax fraud expert, Gasan Awad, was recently published in Fraud Magazine discussing how to help prevent fraud in the new world of chip cards and the EMV liability shift. In particular, Mr. Awad, described best practices for balancing the newer fraud risks with a good customer experience during online application and shopping. To avoid consumers abandoning [Read More…]

Cybersecurity Information Sharing Act included in Federal Budget

On December 18, President Obama signed legislation to encourage businesses to share cyberthreat information with the federal government. The Cybersecurity Information Sharing Act (CISA) is part of the $1.1 trillion omnibus spending bill. CISA will establish a process for the government to share cyberthreat information with businesses that voluntarily agree to participate in the program. The data shared [Read More…]

Equifax Welcomes 5,000th Member of The Work Number

The University of Maine System has joined The Work Number, the largest database of employer-direct income and employment information, as the 5,000th client. The Work Number provides automated income and employment information to banks, mortgage companies, auto dealerships, and other entities when authorized by the consumer, and utilized in compliance with Fair Credit Reporting Act regulations. [Read More…]

Data Breaches Increase Fraud Threats

Data breaches which expose personally identifiable information (PII) are a growing problem in today’s high tech world.  With each new protection measure fraud and security teams put in place, fraudsters seek out weak points and openings that they can target. The PII captured from breaches is often used for both identity theft and synthetic identity creation to open [Read More…]

More Data, Less Fraud

Fraud is increasing on online and mobile channels as EMV adoption limits point-of-sale fraud. Implementing appropriate verification and authentication protections helps minimize fraud losses and improve customer experience. Listen to this interview with fraud expert Andy Smith to learn about how to: Improve fraud detection by sharing information across businesses Limit true-name and synthetic ID [Read More…]

Fraud Protection and User Friction – Balancing Opposing Forces in the Online Experience

The phrase “frictionless customer experience” is getting a lot of play these days, as many more fraud prevention controls are applied to sensitive, online processes that consumers encounter – particularly regarding things like financial transactions, employment applications or personal information discovery. The controls, from complex passwords to extra verification or multi-phase authentication steps), tend to [Read More…]

How the Government Is Leveraging Data to Verify Identities

Several members of the Identity and Fraud Solutions team recently attended the Global Identity Summit in Tampa. Rich Huffman, vice president of identity and fraud product management, spoke on a panel about how government entities are leveraging data when verifying identities to increase security and decrease fraud. The federal government identifies millions of people every [Read More…]