Identity and Fraud Focus

Beyond Credit Scores in Subprime Auto Loans

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We’re gearing up for Used Car Week in Las Vegas Nov. 10-14 and all things subprime vehicle lending. Even with more stringent and strict regulatory enforcement by the Consumer Financial Protection Bureau, subprime auto loans account for about 32% of approved originations. As the subprime vehicle market continues to grow, “trust but verify” is good [Read More...]

Hackers Leave Customers Everywhere At Risk

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Before most systems are hacked, a personal or corporate identity is compromised – online or offline. An initial compromise may be a very sophisticated, software-driven breach of a website’s infrastructure; such as the recent data breach reported last month at JP Morgan, where it’s reported that Russian-based hackers took advantage of a technical flaw in [Read More...]

Combating Transaction Fraud

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We have all heard the news that data breaches and the subsequent identity theft of all types is the fastest growing crime in the US today. More people and businesses are being impacted for larger dollar amounts − witness the impact of the Target and Home Depot breaches. Unfortunately, there is no such thing as [Read More...]

We’re the government. Trust us.

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Posted with premission from FCW. By Troy K. Schneider Aug 13, 2014 The Federal Housing Administration works with lenders to insure more than $1 trillion in mortgage loans. The Department of Homeland Security shares vital information with thousands of partners at the international, federal, state, local, territorial and tribal levels, as well as in the [Read More...]

Protecting Data Privacy

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Theft of consumer financial and identity information is rising, and the subsequent use of those stolen identities to attempt breaches of other sites compounds the problem. So far this year there have been more than 100 data breaches caused by hacking or similar reasons according to the Privacy Rights Clearinghouse, with more than 200 breaches from all reasons. [Read More...]

HSPD-12 – Ten Years On

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Homeland Security Presidential Directive 12 (HSPD-12), signed by President Bush on August 27, 2004, was originally enacted to address the wide variety and differing security levels of identification credentials used to access secure facilities. The directive established standards for verifying an individual’s identity and issuing a tamper-proof credential that could be rapidly authenticated electronically. The [Read More...]

Is There a Subprime Auto Loan Bubble Forming? Equifax Economists Respond.

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As we look forward to Used Car Week in Las Vegas Nov. 10-14, we anticipate many conversations to take shape around claims of a bubble forming in subprime auto loans.  Our #subprime experts will surely be engaging in the conversations around the current state of subprime auto loans. And we’ll rely on the facts and [Read More...]

MESC: Streamlining the Applicant Eligibility Experience with Program Integrity

Health Care Reform ACA

Rich Huffman, Sr Director – Identity Product Management, recently presented at MESC  on how to improve program integrity by understanding applicant eligibility early in the process. Public health and welfare outcomes are enhanced when members smoothly access the correct programs. States, exchanges, and human services programs need to balance the applicant experience with the need for integrity [Read More...]

Identity Proofing Essentials for Effective Government Operations

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Who are you and how can you prove it? Seems like an easy question, yet in the digital environments where we work and live, this is no longer such a straightforward matter. Each individual is identified not only by a name, authoritative source (such as a Social Security Number, Passport, or Driver’s License), address, phone number, [Read More...]

Detecting Fraud and Abuse in Healthcare

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Dr. Michael Nelson, Equifax VP of Healthcare Strategy and Business Development, recently participated at the AHIMA CDI Summit in a panel discussion on “Leveraging Data and Analytics to Detect Fraud and Abuse in Healthcare.”  The panel was moderated by Jennifer Covich Bordenick, CEO for the eHealth Initiative. In a white paper published last year, the eHealth Initiative stated: [Read More...]