Lake houses. Beaches. Mountains. Camping. Everyone has their favorite form of vacation. The best way for them to decompress, relax, and get away from the busyness of life. But as people head out to their go-to destination, fraudsters are still doing what they do best. Fraud never takes a vacation, and this is a story …
Synthetic Identity Fraud. The biggest buzzword right now in the world of financial crime. But what is it? Over the last few years I have delivered several presentations around synthetics and each time I ask two questions: Who in the room has ever heard of synthetic identity fraud? Of those, who can define it? Luckily …
Scratching The Surface – Synthetic Identity fraud Read More »
Credit card fraud is always a hot topic in the world of banking. Data breaches are commonplace and consumers are almost desensitized to them. Up until late 2015/early 2016, counterfeit Card Present (CP) fraud drove losses. But in a post-EMV world Card Not Present (CNP) fraud reigns supreme. HOWEVER – This article isn’t about CP …
We shudder at the word…vulnerable…people feel exposed, violated, insecure, and taken advantage of. And this is where fraudsters thrive. During times of uncertainty, misinformation, and rapid change, fraudsters prey on those caught in the storms of life. While the globe is shutting down, fraudsters are waking up. Vulnerability is certain and the first step in …
Hello. And welcome to Perpetual Chess. Where we discuss patterns, trends, and typologies of fraud. Fraud prevention is very much like a match of chess. A back and forth game of strategy between good and bad actors. A never-ending match of hole and control. Hole and control. If you are still reading, I’d love to …
