Tips to Detect and Deter Fraud during Customer Acquisition

ATLANTA, March 29, 2016 /PRNewswire/ — Equifax Inc. (NYSE: EFX) has issued several resources to help organizations combat the elusive and increasingly expensive problem of fraud during customer acquisition. The resources describe current fraud scenarios, the background and methods most commonly used to commit this type of fraud, and outline best practices to detect and deter [Read More…]

Working with the C-Suite to Mitigate Fraud

Equifax Fraud product manager, Rich Huffman, was recently published in Corporate Compliance Insights discussing how Boards of Directors can stay on top of trends in the fraud landscape and ensure C-level executives implement effective measures to detect and mitigate fraud. Huffman recommends that Boards also should encourage the executive team to set realistic goals. Companies shouldn’t aim to stop [Read More…]

Patient ID Matching: Finding John Doe

Equifax VP of Healthcare Strategy and Business Development, Michael Nelson, was recently quoted in Journal of the American Health Information Management Association (AHIMA), a leading healthcare professional association, discussing solutions to help improve patient ID matching. Nelson discusses how identity matching is solved in other industries that have multiple interactions with consumers – such as financial services or telecommunications. [Read More…]

SSA Selects Equifax to Strengthen Identity Verification

Equifax recently announced that it has completed integration with the Social Security Administration (SSA) to supply identity proofing and account, address and mobile device ID verification to help mange risk and mitigate fraud for the SSA’s my Social Security system, a personalized portal for customers to access some of SSA’s services such as the online [Read More…]

Mobile Banking: Tackling Fraud without the Friction

Equifax retail banking leader, Brad Jones, was recently published in BAI Banking Strategies discussing best practices for balancing an environment of escalating fraud risks with a good customer experience during online and mobile banking. A decade ago…70% to 80% of the accounts opened online were fraudulent.  The rise of mobile devices means the banking industry is again dealing [Read More…]

Cybersecurity National Action Plan

On February 9, 2016, the President implemented the Cybersecurity National Action Plan (CNAP) designed “to enhance cybersecurity awareness and protections, protect privacy, maintain public safety as well as economic and national security, and empower Americans to take better control of their digital security.” Threats against business and the government are continuing with a record number of [Read More…]

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…]