Identity and Fraud Focus

How Businesses Balance Convenience and Digital Security

First, the good news: digital commerce is living up to its promise. Consider these numbers: 52% of all e-commerce traffic globally is from a mobile device[1] While 31% of orders are placed on mobile devices, 40% of traffic from buyers is on a mobile device[2] 53% of smartphone users are actively using mobile banking[3] So, [Read More…]

Synthetic ID Fraud: Understand It, So You Can Stop It

Communications, Energy, Digital Media Providers Face New Challenges Online and mobile-based platforms are changing how fraudsters operate. These faceless channels have enabled them to move past simple point-of-sale transactions involving stolen credit cards or stolen identities. Now fraudsters use more sophisticated schemes involving synthetic identity (ID) fraud to exploit stolen products, services, and money for [Read More…]

Is This New Type of Fraud Costing You Millions?

Much of the identity fraud we hear about is based on completely fictional, made-up identities. Synthetic ID fraud is different. It’s when a fraudster pieces together bits and pieces of real identities—a date of birth from one person, a social security number from another person, and so on—to build a complete identity. This “synthetic” identity [Read More…]

Are We Really at Full Employment?

The idiomatic phrase that enters in so often in economic discussions is that we are at full employment because the unemployment rate is low. While it’s true that we are at an unemployment rate that is the lowest that we’ve been in a very long time, I don’t think this statistic tells the whole story. [Read More…]

When It Comes to Digital Identity, the Sum is Greater than its Parts. Three Key Ingredients for Comprehensive Digital Identity.

Three Key Ingredients for Comprehensive Digital Identity Every day, consumers perform tasks using digital devices. Scheduling dinner with friends. Ordering birthday gifts. Checking bank balances. And, for each activity, they must confirm their identity. Yet unlike pulling a driver’s license out of a wallet, today’s consumers have a digital identity – a compendium of user [Read More…]

Best Practices for Fighting Synthetic Identity Fraud

Synthetic identity fraud is a well-organized activity of fraud rings looking for ways to create and then nurture fake identities over a long period of time. Fraudsters can build a synthetic identity by creating a fake SSN or obtaining/stealing a real Social Security number (SSN) and adding non-matching identifying information such as name, date of [Read More…]

The Digital Customer Experience is Reliant upon Instilling a Sense of Security

Do customer expectations around the digital experience differ based on the type of request or transaction they are performing, such as basic banking, applying for a new account or loan, checking their balances? When posed this question during a recent webinar entitled The Impact of Digital Transformation on Customer Experience, Hrishi Talwar, VP of Digital [Read More…]

Credit Through the Ages: How Technology is Revolutionizing the Way We Assess Consumer Financial Behavior

  Today, we’re seeing exploding volumes of data and staggering advances in analytics and technology. Financial institutions now have limitless opportunities to assess and predict consumer financial behavior. They’re using technology to inform credit decisioning, acquisition and account management strategies. View Infographic Join Equifax  and Visual Capitalist  as we journey through time and explore the [Read More…]