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…]

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…]

Top 5 Fraud Questions for Risk Officers

When consulting a customer on identity fraud management, Equifax will go through a rigorous effort to truly diagnose the problems. Here are the top 5 questions related to identity fraud management that we encourage our potential customers to think about: 1) Do I have a firm grasp on my fraud related metrics? In trying to do [Read More…]