Collaborate Disseminate
There has been a spike in digital commerce since social distancing became widespread globally, according to a TransUnion research. The research found a 23% increase in global e-commerce transactions in the week following the World Health Organization d… Continue reading As consumers turn online for purchases, many are targeted by pandemic-related digital fraud
RSA Conference 2020 is underway at the Moscone Center in San Francisco. Check out our microsite for the conference for all the most important news. Here are a few photos from the event, featured vendors include: TransUnion, Netsurion, (ISC)2, DigiCert,… Continue reading Photos: RSA Conference 2020, part 1
According to Wikipedia, “zero trust is an information security framework which states that organizations should not trust any entity inside or outside of their perimeter at any time.” In the Identity and Access Management (IAM) world, zero trust is all… Continue reading The Goldilocks principle for zero trust fraud prevention
There has been a 29% increase in suspected online retail fraud during the start of the 2019 holiday shopping season compared to the same period in 2018, and a 60% increase in suspected e-commerce fraud during the same period from 2017 to 2019, accordin… Continue reading Nearly half of consumers worry about being tricked by fraudsters this holiday season
While reviewing the recent Private Industry Notification from the FBI about using social engineering and technical attacks to circumvent multi-factor authentication, I was floored at how each of these account takeover scenarios seemed completely preven… Continue reading The FBI multi-factor authentication notification that should have never been
Risky transactions on mobile devices are showing an increase of 138% since 2017, iovation survey of 802 consumers from the United Kingdom and 802 consumers from the United States reveals. “Our research determined three key market drivers that will shap… Continue reading Risky transactions on mobile devices increase 138% since 2017
As more U.S. consumers use digital platforms when engaging with insurance companies, new fraud challenges are likely to arise for insurance carriers, according to TransUnion and iovation. Among the 10 billion global online transactions iovation screene… Continue reading As consumers engage with insurance companies online, new types of digital fraud emerge
It’s hardly news that scammers are taking money in various ways from unsuspecting smartphone users, but a new analysis of 30 billion online transactions shows that the fraudsters are adapting and innovating in ways that much of the public doesn’t understand. One number tells the story: Iovation, a fraud detection firm acquired in 2018 by TransUnion, flags risky transactions worldwide and then looks more closely at how they happened. In recent years, about one-third of all flagged transactions involved mobile devices. In the first half of 2019, that number jumped to 49%, according to findings released Tuesday. Iovation defines “risky” based on the number of transactions in a given period of time from a device, geolocation anomalies, potential bot activity and other actions that typically result in fraud. The findings only provide the latest evidence that mobile devices, which will be the primary way most of the world will access the internet within a few years, are […]
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Continue reading Risky mobile transactions are up 19% this year as patch providers race to keep up
A new kind of identity theft that combines stolen personal data with fabricated information is on the rise, and it’s helping more digital thieves ruin Americans’ credit without fear of detection, according to a new white paper from the U.S. Federal Reserve. Known as “synthetic identity theft,” the tactic is distinct from traditional forms of identity fraud. Instead of stealing a person’s name, Social Security number and opening lines of credit, thieves combine a fake name and other fictional personal data such as a date of birth with a true Social Security number. It’s the fastest-growing type of financial crime in the U.S. thanks mostly to a huge uptick of personal information exposed in data breaches in recent years, according to the paper published Monday. “With synthetic ID fraud you can run the same playbook over and over again with 10 or 20 identities and they can’t even track you […]
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Continue reading Synthetic identity theft is the fastest-growing financial crime in the U.S.
A year after offering free credit monitoring to all Americans on account of its massive data breach that exposed the personal information of nearly 148 million people, Equifax now says it has chosen to extend the offer by turning to a credit monitoring service offered by a top competitor — Experian. And to do that, it will soon be sharing with Experian contact information that affected consumers gave to Equifax in order to sign up for the service. Continue reading Equifax Has Chosen Experian. Wait, What?